| 1 |
Depreciation under diminishing balance method ont he cost price of the fixex asset of Rs. 50.000 after two year @10% will be |
- A. RS. 5,000
- B. Rs. 4050
- C. Rs.4500
- D. Rs. 40,000
|
| 2 |
the term depreciationis used with reference to. |
- A. Tangible assets
- B. Intangible asets
- C. Current assets
- D. Fixed assets
|
| 3 |
To make provision for the replacement of the assets. the method is to be ysed is. |
- A. Written down value method
- B. Annuity method
- C. Sinking fund method
- D. Insurance policy method
|
| 4 |
Under the diminishing balance method the depreciationis calculated on . |
- A. Book value
- B. Original value
- C. Residual value
- D. None of these
|
| 5 |
The depreciation charged to motor car account will be debited to. |
- A. Depreciation account
- B. Motor car account
- C. Cash account
- D. None of these
|
| 6 |
Interest is debited to assets account uder the. |
- A. Annuity method
- B. Depreciation fund method
- C. Insurance policy method
- D. Depletion method
|
| 7 |
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
|
| 8 |
The gradual decrease in the value of the fixex assets due to its use in the business is called. |
- A. Depreciation
- B. Depletion
- C. Amorization
- D. Fluctuation
|
| 9 |
Depreciation caused by some external amoutn of anual depreciation gradully. |
- A. Increase
- B. Decrease
- C. Remain constant
- D. None of these
|
| 10 |
Under annuity method the amount of depreciation is. |
- A. Increasing every year
- B. Decreasing every year
- C. Fixed for all the year
- D. None of these
|
