| 1 |
Interest is debited to assets account uder the. |
- A. Annuity method
- B. Depreciation fund method
- C. Insurance policy method
- D. Depletion method
|
| 2 |
Depreciation caused by some external amoutn of anual depreciation gradully. |
- A. Increase
- B. Decrease
- C. Remain constant
- D. None of these
|
| 3 |
Under the diminishing balance method the depreciationis calculated on . |
- A. Book value
- B. Original value
- C. Residual value
- D. None of these
|
| 4 |
The amount charged as depreciation goes on declining in |
- A. Depletion fund method
- B. Auunity method
- C. Diminishing balance method
- D. Straiight line method
|
| 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 |
Depreciation is charged at fixex rate on the reducing balance, under the. |
- A. Written - down value method
- B. Annuity method
- C. Sinking fund method
- D. Depletion method
|
| 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 diminhing balance method, depreciationis calculated on. |
- A. The original cost
- B. The scrape value
- C. Book value
- D. All of the above
|
| 9 |
The process of writing of intengible assets patent right, good will etc is called. |
- A. Depreciation
- B. Fluctuaton
- C. Amorization
- D. depletion
|
| 10 |
The asses which have physical existence are called. |
- A. Intangible assets
- B. Intangible fixed assets
- C. Tangible fixed assets
- D. Both tangible or intangible assets
|
