Under which method of depreciation annual depreciation goes on decreasing

Related MCQs

• Which of the following statements is true with regard to written down value method of depreciation? i. The rate at which the asset is written off reduces year after year ii. The amount of depreciation provided reduces from year to year iii. The rate of depreciation as well as the amount of depreciation reduce year after year iv. The value of the asset gets reduced to zero over a period of time
• Under which method of depreciation annual depreciation fluctuate with the volume of production
• Annual depreciation of machine is 40000, cost of machine is 500000, rate of depreciation according to straight-line method will be
• For providing depreciation on leasehold property, the appropriate method of depreciation is:
• When provision for depreciation account is maintained, the amount of depreciation is debited to
• Which of the following is true with respect to providing depreciation under diminishing balance method?
• Under diminishing balance method, depreciation is calculated on
• A change in Depreciation Method under AS-6 is treated ——
• A firm has a policy of changing depreciation on Plant and Machinery @ 10% under WDV Method. If the book value of Plant and Machinery was ` 81,000 on 31.03.2013. Find the original cost of the plant if the same was purchased on 01.04.2011
• Value of an asset is 9 lakh, scrap value is 125000, estimated life is 10 years the cost of depreciation under straight-line method will be