Excel Enterprises purchased a plant having estimated useful life of $10$ years, however after $5$ years the remaining life of the asset is revised to $3$ years. Rs. $24,000$ being the remaining depreciable amount. The annual depreciation charge after revaluation of remaining life will be ____________.
If cost of an asset is Rs. $8,000$, life is $3$ years and estimated scrap value is Rs. $1,000$, the rate of depreciation under WDV method is ___________.
For charging depreciation, on which of the following assets the depletion method is adopted?
On $1.1.2015$, N Ltd has a stock of bottles valued at Rs$8,000$. On $1.7.2015$, they purchased additional bottles which amounted to Rs$5,000$ on $31.12.2015$, the stock of bottles were revalued at Rs$10,500$. Depreciation on bottle will be ____________ .
Z.Ltd had balance of Rs$4,000$ in its plant account and corresponding balance of accumulated depreciation account of that plant was Rs.$3,200$. This plant was exchanged for new plant. The payment for the new plant consisted of trade - in - allowance of Rs.$1,400$ for the old one and the balance Rs$4,600$ to be paid in cash. The old plant could have been sold for Rs.$1,000$. In relation to this transaction, which of the following statement is correct?