Fundamentals Of Accounting And Auditing - Accounting And Auditing Section 1

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66. Bank purchased a computer on 1.03.2015 at a cost Rs. 50000, estimated life is 8 years, cost of depreciation under straight-line method will be-

Option : A
Explanation :

67. Annual depreciation of machine is 40000, the cost of the machine is 500000, rate of depreciation according to a straight-line method will be-

Option : D
Explanation :

68. Value of an asset is 9 lakh, scrap value is 125000, estimated life is 10 years the cost depreciation under straight-line method will be-

Option : C
Explanation :

69. Depreciation is a process of

Option : B
Explanation :

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