____________ method is appropriate for the fixed assets having certain period of working life.

(a)

Diminishing balance

(b)

Sinking fund

(c)

Straight line

(d)

Depreciation fund

____________ is also knonw as written downvalue method or reducing instalments method.

(a)

Straight line method

(b)

Diminishing balance

(c)

Annuity method

(d)

Revaluation method

___________ method is recognised and accepted by income tax authorities.

(a)

Straigh line

(b)

Annuity method

(c)

Diminishing balance

(d)

Depreciation fund

If original cost of the asset is Rs.1,00,000 and the rate of depreciation is 10% per annum. The depreciation in the first year will be Rs.___________

(a)

Rs. 10,000

(b)

Rs. 1,000

(c)

90,000

(d)

1,00,000

_________________ method, the amount spent on the purchase of an asset is regarded as an investment.

(a)

Depreciation fund

(b)

Annuity

(c)

Insurance policy

(d)

Revaluation