In case of depreciable assets are revalued, the provision for depreciation is based on

Related MCQs

• The original cost of the machine is 19,00,000; machine installation charges are 1,00,000; working life of the machine is 5 years and residual value is 40,000. If the depreciation is charged on Straight Line basis then 4th year’s depreciation will be:
• Original cost of a machine is 1,50,000, residual value 10,000, if depreciation is charged @ 105 per annum under WDV method then depreciation for 3rd year will be
• The Depreciation Account is closed at the end of the year by transfer to the
• The amount of yearly depreciation under written down value method
• Which one of the following is an external cause for depreciation
• On which of the following asset, depreciation is charged on ‘Depletion method’
• Purchase price of Machine 8,90,000; Freight and Cartage 7,000; Installation charges 30,000; Insurance charges 20,000; Residual value is 40,000; estimated useful life 5 years. The amount of annual depreciation under straight line method will be
• The value of an asset after deducting depreciation from the historical cost is known as
• Provision for bad debt is made as per the
• The determination of expenses for an accounting period is based on the concept of 3