If the estimated useful life of an asset is 10 years, the straight line deprecia

Question

If the estimated useful life of an asset is 10 years, the straight line depreciation rate would be:

Options:

A . 0.01%

B . 0.1 %

C . 1%

D . 10%

Answer: Option D
:
D
If the estimated useful life of an asset is 10 years, the straight line depreciation rate would be 10%.

Was this answer helpful ?

Next Question

More Questions on This Topic :

Question 1. A non-current asset cost Rs 120,000 and is depreciated at 20% using the reducing balance method. After 3 years the net b....method. After 3 years the net book value (WDV) is:

Question 2. Pronto Pack Ltd sells its old packaging machine for Rs 300 on 31 December 2005. The machine was bought during the year e....20% on a straight-line basis. The gain on disposal is:

Question 3. Amit ltd purchased a machine on 01.01.2013 for Rs 120000. Installation expenses were Rs 10,000. Residual value after 5 y....10% on WDV basis. Depreciation for 4th year = ………..

Question 4. Bank purchased a computer on 1.03.2015 at a cost Rs. 50000, estimated life is 8 years, cost of depreciation under straig....8 years, cost of depreciation under straight-line method will be:

Question 5. If a firm is using ______ method, the amount of depreciation is initially lower while if the method of depreciation....depreciation is _____, the amount of depreciation is initially higher.

Question 6. The annual depreciation charge in ________ remains fixed during the life of the asset. In contrast, the amount of d....the amount of depreciation in ______ method diminishes every year.

Question 7. The only vehicle owned by a company is reported at its cost of Rs60,000 in the Motor Vehicle account, while the deprecia....need to be transferred away from the Accumulated depreciation account.

Question 8. A fixed asset costing Rs 12,000 was sold for Rs 5,000. At the date of disposal, it's net book value is Rs2,000. Wha....the profit or loss on disposal of this fixed asset?

Question 9. A motor van was bought for Rs20,000 on 1 September 2005 with a residual value of Rs2,000. Depreciation was charged at 20....30 September 2008. Compute the profit on sale of asset.

Question 10. Which among the following is false about Diminishing balance method-....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

GPOE / GPA Combined 1 Free Mock Test SAIL JO E-0 2024

ICA Combined 1 Free Revision Test SAIL JO E-0

RDIC Review Test SAIL JO E-0

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

RSP Combined 1 Free Revision Test SAIL JO E-0