| 1 |
Which of the following method is suitable for charging depreciation an machinery and furniture. |
- A. Straight line method
- B. Diminishing balance method
- C. Depreciation on fixed method
- D. Annuity method
|
| 2 |
Another name of diminishing balance method of depreciation is the |
- A. Reducing balance method
- B. Sinking fund method
- C. Straight line mehod
- D. Revaluation method
|
| 3 |
The process of writing of intengible assets patent right, good will etc is called. |
- A. Depreciation
- B. Fluctuaton
- C. Amorization
- D. depletion
|
| 4 |
Under aunuity method, the annual charger for depreciation wil be debited to. |
- A. Assets account
- B. Depreciation account
- C. Interest account
- D. None of these
|
| 5 |
Under the diminishing balance method the depreciationis calculated on . |
- A. Book value
- B. Original value
- C. Residual value
- D. None of these
|
| 6 |
Depreciation is charged on. |
- A. Fixed tangible assets only
- B. Fixex intangible assets only
- C. Current assets only
- D. None of these
|
| 7 |
The amount of assets may rise of fell on account of. |
- A. Depreciation
- B. Fluctuation
- C. Depletion
- D. Amortization
|
| 8 |
Under diminhing balance method, depreciationis calculated on. |
- A. The original cost
- B. The scrape value
- C. Book value
- D. All of the above
|
| 9 |
The term Depletion is used with reference to. |
- A. Tangible assets
- B. Intangible assets
- C. Current assets
- D. Fixex assets
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| 10 |
Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc. |
- A. Depreciation
- B. Depletion
- C. Amortization
- D. None of these
|
