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Under the written down value method of depreciation, the amount of depreciation is ______. - Accountancy

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प्रश्न

Under the written-down value method of depreciation, the amount of depreciation is ______.

विकल्प

  • Uniform in all the years

  • Decreasing every year

  • Increasing every year

  • None of the above

MCQ
रिक्त स्थान भरें

उत्तर

Under the written-down value method of depreciation, the amount of depreciation is decreasing every year.

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Methods of Depreciation
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 10: Depreciation Accounting - Multiple choice questions [पृष्ठ २२३]

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सामाचीर कलवी Accountancy [English] Class 11 TN Board
अध्याय 10 Depreciation Accounting
Multiple choice questions | Q I 3. | पृष्ठ २२३

संबंधित प्रश्न

Write the word/term/phrase which can substitute the following statement:

The period for which the asset remains in working condition.


Complete the following sentence:

Under ______ system, the amount of depreciation changes every year.


Complete the following sentence:

The amount spent on installation of Machinery is a ______ expenditure.


If the total charge of depreciation and maintenance cost are considered, the method that provides a uniform charge is ______.


Depreciation is to be calculated from the date when ______.


If the rate of depreciation is the same, then the amount of depreciation under straight-line method vis-à-vis written down value method will be ______.


What is the annuity method?


A company purchased a building for ₹ 50,000. The useful life of the building is 10 years and the residual value is ₹ 5,000. Find out the amount and rate of depreciation under the straight-line method.


Samarth Manufacturing Co. Ltd, Aurangabad, purchased a New Machinery for ₹ 45,000 on 1st Jan 2015 and immediately spent ₹ 5,000 on its fixation and erection. In the same year, 1st July additional Machinery costing ₹ 25,000 was purchased. On 1st July 2016, the Machinery purchased on 1st Jan 2015 became obsolete and was sold for ₹ 40,000.
Depreciation was provided annually on 31st March at the rate of 10% per annum on the Fixed Instalment Method.
You are required to prepare Machinery Account for the year 2014-15, 2015-16, 2016-17.


On 1st April 2015, Farid of Nasik purchased a Motor Car for ₹ 55,000. The scrap value of the Motor Car was estimated at ₹ 10,000 and its estimated life is 10 years. The Registration charge for the Motor Car was ₹ 5,000.
Show Motor Car Account for first four years, assuming that the books of accounts are closed on 31st March every year.


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