At the time of charging depreciation, ____ account is debited and ____ account is credited.

Discarding the old machinery, due to new invention, is called _______.

Estimated sales value of an asset after its working is called_____.

In Straight line method, annual amount of depreciation remains _____in comparison to diminishing balance method

At the end of useful life of an asset, the book value of the asset is ___ under Straight Line Method