Question
Which depreciation method is most suitable for assets like mines, quarries, etc.?
More Depreciation Questions
- Under the Written Down Value (WDV) method, depreciation is:
- Which depreciation method is most suitable for assets like mines, quarries, etc.?
- A plant was purchased on 1st April 2021 for ₹5,00,000. Depreciation is charged at 15% p.a. under the WDV method. On 1st October 2023, the plant was sold fo...
- Under which condition will no depreciation be charged on a fixed asset during a financial year?
- A plant was purchased for ₹10,00,000. After 4 years, its book value stands at ₹6,56,100 using the diminishing balance method. The annual rate of depreciati...
- A machine was purchased for ₹1,00,000. Depreciation is charged at 10% per annum under the Diminishing Balance Method. The book value of the machine at the ...
- A company buys a machine for ₹12,00,000 and expects to use it for 8 years with residual value ₹80,000. Under straight-line method, annual depreciation is:
- Which method of depreciation is NOT recognized by the Companies Act, 2013?
- 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...
- XYZ Ltd. uses Written Down Value (WDV) method for depreciation. It acquires a machine for ₹10 lakhs, has a salvage value of ₹1 lakh and charges 20% depreci...
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