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  • CBSE×
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  • Depreciation Provisions And Reserves×
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Depreciation And Its Accounting Treatment Free Doubts and Solutions

CBSE - XI Commerce - Accountancy Part I - Depreciation, Provisions and Reserves

Kushal and Company purchased furniture for Rs.50,000 on October 01, 2013. New furniture was purchased on April 01, 2015 for 30,000. Depreciation is charged at 10% p.a. under Fixed Installation Method on March 31 every year. Show necessary journal entries for the years 2013-2014, 2014-2015 and 2015-2016 if Depreciation Account is not maintained.

Asked by Topperlearning User 4th August 2016, 1:26 PM
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CBSE - XI Commerce - Accountancy Part I - Depreciation, Provisions and Reserves

Book value of a machine is Rs. 5,83,200 as on 31March, 2016. The machine was purchased on 1st April, 2013. Depreciation is charged @ 10% written down value method. What is the original cost of machine.  

Asked by Topperlearning User 4th August 2016, 1:26 PM
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CBSE - XI Commerce - Accountancy Part I - Depreciation, Provisions and Reserves

Cost of Machine purchased by Vishal and Co. is Rs.6,20,000 with salvage value Rs.8,000. What will be the amount of depreciation in the second year as according to written down value method. Charge depreciation @ 10% per annum.

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CBSE - XI Commerce - Accountancy Part I - Depreciation, Provisions and Reserves

M/s Rao purchased a machinery for Rs.1,35,000. Further Rs.15,000 are spent on its installation. If the estimated useful life is 7 years and scrap value is Rs.10,000. Calculate the amount of depreciation.  

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CBSE - XI Commerce - Accountancy Part I - Depreciation, Provisions and Reserves

Which method of depreciation assumes that an asset should be depreciated more in the earlier years and less in the later years of use?

Asked by Topperlearning User 1st July 2016, 3:14 PM
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