| 1 |
Under the straight line method of charging depreciation, the amount of deperciation . |
- A. Decrease every year
- B. Increase every year
- C. <div>Remain constant every year</div>
- D. None of the above
|
| 2 |
The assets which have not got physical existence are called. |
- A. Intangible assets
- B. Intangible fixed assets
- C. Current assets
- D. Tangible fixed assets
|
| 3 |
The amount of assets may rise of fell on account of. |
- A. Depreciation
- B. Fluctuation
- C. Depletion
- D. Amortization
|
| 4 |
The process of writing of intengible assets patent right, good will etc is called. |
- A. Depreciation
- B. Fluctuaton
- C. Amorization
- D. depletion
|
| 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 arise because of |
- A. Due to fall in the market value of fixex assets
- B. Due to physical wear and tear of the assets
- C. Due to fall in the market value
- D. None of these
|
| 7 |
Depreciation is charged on. |
- A. Fixed tangible assets only
- B. Fixex intangible assets only
- C. Current assets only
- D. None of these
|
| 8 |
Under which method the book value of the fixed assets acn be reduce to zero after certain year |
- A. Diminishing balance method
- B. Straght line method
- C. Depreciation find fond
- D. Deflation method
|
| 9 |
Interest is debited to assets account uder the. |
- A. Annuity method
- B. Depreciation fund method
- C. Insurance policy method
- D. Depletion method
|
| 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
|
