Chapter No. 13 – Depreciation – USHA Publication Class +1 – Solution

Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution

Depreciation: –

Depreciation means the decrease in the value of Fixed assets by passing time. It is charged only on fixed assets (except Land) Because every fixed asset has a life of more than one year but will not last indefinitely and The land has an indefinitely life so it will be appreciated. Depreciation is treated as indirect expenses of the business and transferred to the income statement of the company and profit/loss account of the business.

There are three types of decreases in the value of an asset, which refers to a different category of fixed assets shown as follows.

  1. Depreciation
  2. Depletion
  3. Amortization

1. Depreciation is used for the Tangible fixed asset. Such as Building, Plant, Machinery, Furniture, Fixture, Vehicle, Computer, etc.

2. Depletion is used in referring to the physical exhaustion of natural resources. Such as oil well, Coal mine, etc.

3. Amortization is used for the Intangible fixed asset. Such as Goodwill, Patents, trademarks, leaseholds, etc.

Check out the full article: –

Depreciation | Meaning | Methods | Examples

Chapter No. 13 – Depreciation – USHA Publication Class +1 – Solution

Question wise solution of the all Questions of Chapter No. 13 – Depreciation – USHA Publication Class +1 – Solutions are shown below: –

Q 01 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 01 Chapter No 13 Life of Asset Given in Years 1. On 1st April 2016, a machine was ...
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Q 02 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 02 Chapter No 13 Life of Asset Given in Years 2. Heena Traders purchased a plant for Rs ...
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Q 03 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 03 Chapter No 13 Rate of Depreciation is given 3. Upkar Singh purchased a machine costing Rs 80,000 ...
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Q 04 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 04 Chapter No 13 Rate of Depreciation is given 4. A company purchased a plant for Rs 1st ...
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Q 05 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 05 Chapter No 13 Calculation of Rate of Depreciation in the Straight Line Method 5. A company purchased ...
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Q 06 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 06 Chapter No 13 Calculation of Rate of Depreciation in the Straight Line Method 6. Sanjay Sharma purchased ...
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Q 07 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 07 Chapter No 13 Addition to Assets 7. Panch Rattan Processors purchased machinery at a cost of Rs ...
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Q 08 CH 13 USHA 1 Book 2020 Solution min 1 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 08 Chapter No 13 Addition to Assets 8. On 1st April 2017, Dalip Pandey purchased a building for ...
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Q 09 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 09 Chapter No 13 Addition to Assets and Life Given in Years 9. On 1st April,2015, Harnam Singh ...
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Q 10 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 10 Chapter No 13 Addition to Assets and Life Given in Years 10. Mahesh Grover purchased machinery with ...
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Q 11 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 11 Chapter No 13 Sale of Total Assets 11. Balwant Gargi purchased one building at a cost of ...
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Q 12 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 12 Chapter No 13 Sale of Total Assets 12. Krishnamurthi purchased a machine for Rs 3,00,000 on 1st ...
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Q 13 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 13 Chapter No 13 Sale of Total Assets 13. Arun Singh purchased furniture for Rs 1,90,000 and spent ...
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Q 14 CH 13 USHA 1 Book 2020 Solution min 1 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 14 Chapter No 13 Sale of Total Assets 14. Parshant Kishore purchased a plant for Rs 6,00,000 on ...
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Q 15 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 15 Chapter No 13 Sale of Total Assets 15. Prabhu Deva purchased a machine for Rs 10,00,000 on ...
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Q 16 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 16 Chapter No 13 Sale of Total Assets 16. A machinery was purchased for Rs 10,000 on 1st ...
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Q 17 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 17 Chapter No 13 Sale of Total Assets 17. Raj Vaid purchased the machinery on 1st April 2016 ...
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Q 18 CH 13 USHA 1 Book 2020 Solution min 1 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 18 Chapter No 13 Sale of Total Assets 18. Majha Transport company purchased 5 trucks at Rs 50,000 ...
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Q 19 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 19 Chapter No 13 Sale of Total Assets 19. Mummun Sen bought furniture for Rs 36,000 and spent ...
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Q 20 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 20 Chapter No 13 Sale of Total Assets 20. Navjot Traders purchased on 1st April,2016, a small plant ...
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Q 21 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 21 Chapter No 13 Calculation of Rate of Depreciation on WDV 21. A machine is purchased for Rs ...
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Q 22 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 22 Chapter No 13 Depreciation on Written Down Value 22. On 1st April 2016, Manmeet Singh purchased machine ...
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Q 23 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 23 Chapter No 13 Depreciation on Written Down Value 23. On 1st April 2015, Bhola Nath & Sons ...
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Q 24 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 24 Chapter No 13 Depreciation on Written Down Value 24. On 1st April, 2015, Pandit Bros. purchased a ...
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Q 25 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 25 Chapter No 13 Comparison of Methods of Depreciation 25. Alisha purchased machinery on 1st April,2014 for Rs ...
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Q 26 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 26 Chapter No 13 Comparison of Methods of Depreciation 26. On 1st April 2015, machine was bought by ...
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Q 27 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 27 Chapter No 13 WDV Method and Total Sale 27. Ram Roopmati purchased a machine for Rs 3,80,000 ...
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Q 28 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 28 Chapter No 13 WDV Method and Partial Sale 28. Samar Sachdeva purchased measuring instrument for his research ...
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Q 29 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 29 Chapter No 13 WDV Method and Partial Sale 29. On 1st April 2015, Ritu Chaudhry purchased machinery ...
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Q 30 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 30 Chapter No 13 WDV Method and Partial Sale 30. On 1st January, 2017, Golden Transport Co. purchased ...
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Q 31 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 31 Chapter No 13 WDV Method and Partial Sale 31. Chetan Printer purchased a machinery for Rs 50,000 ...
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Q 32 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 32 Chapter No 13 WDV Method and Partial Sale 32.Suleka Sons, whose accounting years is financial years purchased ...
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Q 33 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 33 Chapter No 13 WDV Method and Partial Sale 33. Sunrise Ltd. Had purchased machinery on 1st April, ...
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Q 34 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 34 Chapter No 13 WDV Method and Partial Sale 34. Jung Traders purchased an equipment on1st July 2015, ...
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Q 35 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 35 Chapter No 13 Creation of Provision for Depreciation Account 35. Chander Mani purchased scientific instruments for Rs ...
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Q 36 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 36 Chapter No 13 Creation of Provision for Depreciation Account 36. Chancal Patel purchased surgical instruments for her ...
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Q 37 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 37 Chapter No 13 Creation of Provision for Depreciation Account 37. A company purchased a second-hand plant for ...
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Q 38 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 38 Chapter No 13 Creation of Provision for Depreciation Account 38. Ravi Kumar purchased machinery for Rs 2,00,000 ...
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Q 39 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 39 Chapter No 13 Creation of Provision for Depreciation Account 39. Nagina purchased machinery for Rs 60,000 on ...
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Q 40 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 40 Chapter No 13 Creation of Provision for Depreciation Account 40. The following balances appear in the books ...
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Q 41 CH 13 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 41 Chapter No 13 Creation of Provision for Depreciation Account 41. On 1st April 2017 Hem Lata purchased ...
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Q 42 CH 13 USHA 1 Book 2020 Solution 2 min 360x203 - Chapter No. 13 - Depreciation - USHA Publication Class +1 - Solution
Question No 42 Chapter No 13 Creation of Provision for Depreciation Account 42. The following balance appears in the books ...
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