Account Fill In The Blanks[1 Marks ]

Discarding the old Plant & Machinery due to new inventions is called ________.

________ cannot be correctly calculated unless depreciation on fixed assets is duly provided as a business expense.

Depreciation represents a ________ in the value of fixed assets.

The ________ method equalises the burden on each year's Profit & Loss Account for depreciation and repairs put together.

Under the Fixed Instalment Method, depreciation is calculated on ________ of the asset.

Under ________ method, the value of an asset, even if it becomes.

Estimated sale value of an asset after its working life is called _________.

At the time of charging depreciation, asset account is________and depreciation account is________.

Under the Written Down Value method, ________ remains constant whereas the amount of depreciation goes on ________ from year to year.

Under fixed instalment method, depreciation is calculated by deducting the ________value from the ________ cost of the asset.