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In _____________ method, it is assumed that a property loses its value by the same amount every year.

In _____________ method, it is assumed that a property loses its value by the same amount every year. Correct Answer Straight line

Straight line method is employed to work out the cost depreciation effectively. According to this method, the total depreciation is the difference between original cost and Salvage or scrap value.

Related Questions

Which of the following statements are true/ false?
1. Every employer shall be bound to pay to every employee in respect of the accounting year commencing on any day in the year 1979 and in respect of every subsequent accounting year, a minimum bonus which shall be 9.33% of the salary or wages earned by the employee during the accounting year or one hundred rupees, whichever is higher, whether or not the employer has any allocable surplus in the accounting year.
2. Bonus will be paid in cash to the employees.
3. If the allocable surplus exceeds the amount of minimum bonus payable to the employees, the employer is bound to pay to every employee in respect of that accounting year bonus which shall be an amount in proportion to the salary or wages earned by the employee during the accounting year subject to a maximum of 10% of such salary or wage.
4. Bonus needs to be paid within a period of eight months from the close of the accounting year.
The pie chart given below shows the amount spent by a boy on the purchase of six different items. The total amount spent on all these six items is Rs. 54000. The amount spent on a specific item is represented as a degree with reference to the total amount spent on all these six items. Which of the following statement(s) is/are correct? I. The amount spent on article A is Rs.900 less than the amount spent on article B. II. The amount spent on article C is Rs 2400 more than the amount spent on article D. III. The ratio of the amount spent on article B to the amount spent on article E is 4 : 1.
In _____________ method, it is assumed that a property will lose its value by a constant percentage of its value and the beginning of every year.
Each of the question below consists of a question and three statements number I, II and III given below it. You have to decide whether the data provided in the statement are sufficient to answer the question. Sid has a monthly income of Rs. 60000 out of which every month he saves some amount. He distributes some amount of money among his three sisters and one brother. Out of remaining amount of his income, he spends 40% on other things and rest of the amount is saved by him. What percent of money is received by each sister if each sister receives equal amount? Statement I: Each sister received Rs. 500 less than the amount received by brother and Sid’s other expenditure is Rs. 16800. Statement II: Sid saves Rs. 25200 on every month. Statement III: Each sister and brother received equal amount and saving are Rs. 25200.
In this method, it is assumed that the property will lose its value by a constant percentage of its value at the beginning of every year. This method is called?
A machine depreciates in value each year at the rate of 10% of its previous value. However, every second year there is some maintenance work so that in that particular year, depreciation is only 5% of its previous value. If at the end of the fourth year, the value of the machine stands at Rs 1,46,205, then find the value of machine at the start of the first year.
Cash sales during the year - Rs. 46,000
Cash collected from customers during the year - Rs. 1,26,000
Amount regarded as collected from the customers at the end of the year decreased by Rs. 4,940 as compared to the collectable amount at the beginning of the year. One account of the amount of Rs. 1,300 was determined worthless during the year. The amount of credit sales during the year was
The value of a property depreciates every year by 10% of its value at the beginning of the year. The present value of the property is Rs. 8100. What was its value 2 years ago ?
The average value of property of Agil, Mugilan and Anithais Rs. 130cr. The Property of Agil is 20cr greater than the property value of Mugilan and Anitha property value is 50cr greater than the Agil property value. The value ofproperty of Anitha is
Match List I with List II: List I (Method) List II (Purchase consideration) (A) Lump-sum payment method (I) Calculated by adding up the total amount (money value) of existing shares, preference shares and cash received from the purchasing company for the shareholders of the vendor company. (B) Net Assets Method (II) On the basis of ratio in which the shares of the transferee company are to be exchanged for the shares of the transferor company. (C) Net Payment Method (III) The amount to be paid by the transferee company to transferor company for amalgamation of its business. (D) Swap Ratio Method (IV) Arrived at by adding the agreed value of assets taken over and deducting there from the agreed values of liabilities. Choose the correct answer from the options given below: