Home

The cost of a machine is Rs.5,70,000. Its scrap value is Rs.25,000 and useful life is 10 years. The depreciation amount under Straight Line Method is

A. Rs.57,000

B. Rs.59,500

C. Rs.54,500

D. Rs.50,000

Please do not use chat terms. Example: avoid using "grt" instead of "great".

You can do it
  1. The accounts of a company may be maintained using Single Entry System of Book Keeping also.
  2. Accrual concept implies accounting on cash basis.
  3. The cost of a machine is Rs.6,00,000. The rate of depreciation is 10%. The depreciation for the 3rd…
  4. Business ventures, which are started for a predefined period, are known as _____________ventures
  5. Cash is an example of
  6. Cash payments are recorded on the _______________ of the Cash Book.
  7. The first step of accountancy is
  8. WDV stands for
  9. Capital of the business is an example of external liability.
  10. Providing depreciation ensures sufficient cash for asset replacement.
  11. Goodwill is not a fictitious asset.
  12. The basic unit of measurement of the accounting system is ______________.
  13. Mr.Customer purchased goods from Mr.Seller on credit. This is a/an
  14. Contingent liability is an ascertained liability but its amount and due date are indeterminate.
  15. Which of the following equation(s) is(are) true
  16. The cost of a machine is Rs.5,70,000. Its scrap value is Rs.25,000 and useful life is 10 years. The…
  17. Expenditure, which result in acquisition of permanent assets, is a capital expenditure.
  18. Arrange the steps of accounting in sequential order - (i) Trial Balance; (ii) Journal Entry; (iii) Balancing…
  19. An expense incurred to keep the machine in working condition is a capital expenditure.
  20. Copyright is an example of
  21. According to the Concept of Conservatism, an accountant should
  22. All events are transactions but all transactions are not events.
  23. An expenditure intended to benefit the current period is revenue expenditure.
  24. The life span of a company is dependent on the life span of the
  25. WIP stands for
  26. Any type of error affects the agreement of Trial Balance.
  27. Which of the following events is not a transaction?
  28. Deferred Revenue Expenditure is current year's revenue expenditure to be paid in latter years.
  29. The account which can never have a credit balance is
  30. All credit sales are recorded in