Loss on sale of fixed asset appear on the

Under straight line method, rate of depreciation is calculated on

_____ 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.

_____ method of depreciation is calculated on the original cost of assets.

If selling price is more than the book value of the asset on the date of sale, it is

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

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

Depreciation is a process of

Total amount of depreciation provided on the written down value method at the rate of 10% p.a on Rs 10,000 for first three years will be

The estimated sale value of the asset at the end of it's economic life is called