What is original cost method of providing depreciation?

On1^stJanuary 2013,acompany purchased a machine for Rs. 25,000. The estimated life of the machine 10 years after which is breakup value will be Rs. 5,000. Find out the amount of annual depreciation under Fixed Instalment Method.

Abdul purchased a Machinery on 1^st April for 2,00,000. After' having used it for three years it was sold for 1,60,000. Depreciation is to be provided at the rate of 10% on diminishing Balance method. Accounts are closed on' 31^st March of every year. Find out the Profit or ·Loss on sale of Machinery.

A machine was purchased for Rs. 30,000 on 1st January, 2014. It is expected to last for 5 years. Estimated scrap at the end of five/years is Rs. 5,000. Find out the rate of depreciation under original cost method.

A Company purchased a plant for Rs. 1,00,000. The useful life of the plant is 5 years and the residual value is Rs. 10,000. Find out the rate of depreciation under fixed percentage on original cost method.