| 1 |
Depreciation occurs |
- A. Up to one year
- B. Up to two years
- C. Till the last day of the estimated working life of asset
- D. Up to the replacement of old asset
|
| 2 |
Decrease in the value of an asset due to change in habit or taste of people. |
- A. Efflux of time
- B. Accident
- C. Obsolescence
- D. Wear and tear
|
| 3 |
Depreciation means: |
- A. Exhaustion of the effective life of an asset
- B. Diminution in intrinsic value of an asset
- C. Reduction in the value of fixed asset due to use in business
- D. All of the above
|
| 4 |
According to provision of companies ordinance 1984 dividend cannot be declared without. |
- A. Appreciation
- B. Depreciation
- C. Replacement of assets
- D. "a" and "b"
|
| 5 |
If depreciation is not taken into account, the value of asset in the books. |
- A. May be more
- B. May be less
- C. No change
- D. May be more or less
|
| 6 |
Decline in the value proportionate to the quantum of production e.g. mine, quarry etc. |
- A. Amortization
- B. Depletion
- C. Depreciation
- D. Wear and tear
|
| 7 |
The physical deterioration in asset due to use in business. |
- A. Depletion
- B. Obsolescence
- C. Wear and tear
- D. Accident
|
| 8 |
The permanent and continuous diminution in the quality, quantity or value of an asset: |
- A. Appreciation
- B. Diminution
- C. Reduction
- D. Depreciation
|
| 9 |
Internal causes of depreciation: |
- A. Wear and tear
- B. Depletion
- C. Obsolescence
- D. "a" and "b"
|
| 10 |
Depreciation is an: |
- A. Expense
- B. Revenue
- C. Liability
- D. Capital
|
