An asset is never reduced to zero in the _______________. (2024)

Q

1

A fixed asset was bought for Rs. 5,000. Its accumulated depreciation is Rs. 3,000 and rate of depreciation is 20%. Calculate its depreciation expenses for the current accounting period using reducing balance method?

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Q

2

The Diminishing balance method means a method by which-

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3

A non-current asset cost Rs. 1,20,000 and is depreciated at 20% using the reducing balance method. After 3 years the net book value (WDV) is:

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4

___is a method of depreciation, in which the cost of the asset is spread uniformly over the life years by writing off a fixed amount every year, where as in ___ method of depreciation, a fixed rate of depreciation is charged on the book value of the asset over its useful life.

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5

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