Question
A machine costing ₹8,00,000 has a useful life of 5 years and scrap value of ₹50,000. Using WDV method at 30%, what will be the book value at the end of year 2?
More Depreciation Questions
- Which method of depreciation is NOT recognized by the Companies Act, 2013?
- Under which condition will no depreciation be charged on a fixed asset during a financial year?
- Which asset is not eligible for depreciation under the Income Tax Act?
- Which depreciation method is most suitable for assets like mines, quarries, etc.?
- Under AS 6, which of the following cannot be considered a method of depreciation?
- A machine costing ₹4,00,000 has a useful life of 5 years with scrap value ₹25,000. The company provides depreciation on WDV at 25% p.a. After 3 years, the ...
- A company purchases an intangible asset (software license) for ₹20 lakhs, with a legal validity of 5 years and probable economic benefit of 8 years. As per...
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- Which of the following is NOT a method of charging depreciation?
- A machine costing ₹8,00,000 has a salvage value of ₹80,000 after 10 years. The company follows Straight Line Method (SLM). During the 4th year, it switches...
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