Enumerate the methods of calculating depreciation. Discuss the advantages and disadvantages of fixed installment method.

Describe the methods of recording depreciation in books of account. How is the balance of Provisions for Depreciation Account shown in the Balance Sheet?

What is the difference between Fixed Installment Method and Diminishing Balance Method?

What are the merits and demerits of written down value method? Distinguish it from the straight line method.

Name various methods of computing depreciation.

Explain the need and significance of depreciation. What factors should be considered for determining the amount depreciation?

List the factors influencing the amount of depreciation.

How is depreciation different from amortization?

What is depreciation?

Define depreciation. Distinguish it from depletion, amortization and obsolescence.