| 1 |
The amount of assets may rise of fell on account of. |
- A. Depreciation
- B. Fluctuation
- C. Depletion
- D. Amortization
|
| 2 |
Depreciation fund method is also known as. |
- A. Sinking fund method
- B. Annuity method
- C. Sum- of year's digit method
- D. None of these
|
| 3 |
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
|
| 4 |
The term Depletion is used with reference to. |
- A. Tangible assets
- B. Intangible assets
- C. Current assets
- D. Fixex assets
|
| 5 |
The objective of charging depreciation on fixed assets is. |
- A. Calculate the true net profit
- B. To provide funds for the replacement
- C. To redue the tax libility
- D. All of the above
|
| 6 |
Under diminhing balance method, depreciationis calculated on. |
- A. The original cost
- B. The scrape value
- C. Book value
- D. All of the above
|
| 7 |
The value of an asset at the end of the working life is called. |
- A. Book value
- B. Scrape value
- C. Market value
- D. None of these
|
| 8 |
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
|
| 9 |
Depreciation is charged on. |
- A. Fixed tangible assets only
- B. Fixex intangible assets only
- C. Current assets only
- D. None of these
|
| 10 |
the term depreciationis used with reference to. |
- A. Tangible assets
- B. Intangible asets
- C. Current assets
- D. Fixed assets
|
