______ method of depreciation is suitable for special type of assets like Loose tools.

Under straight line method, rate of depreciation is calculated on

Loss on sale of fixed asset appear on the

_____ is the permanent and continuous decrease in the book value of a fixed asset due to use, effusion of time, expiration of legal rights or any other cause.

Depreciation is a process of

All assets whose benefit is derived for a long period of time, usually more than one year are called as

If selling price is less than the book value of the asset it denotes

The term depletion is used for

Depreciation is used in the case of Lease is under

Under insurance policy method, cash is paid by way of _____ every year.