| 1 |
The term Depletion is used with reference to. |
- A. Tangible assets
- B. Intangible assets
- C. Current assets
- D. Fixex assets
|
| 2 |
The amount of assets may rise of fell on account of. |
- A. Depreciation
- B. Fluctuation
- C. Depletion
- D. Amortization
|
| 3 |
Depreciation is charged on. |
- A. Fixed tangible assets only
- B. Fixex intangible assets only
- C. Current assets only
- D. None of these
|
| 4 |
Depreciation caused by some external amoutn of anual depreciation gradully. |
- A. Increase
- B. Decrease
- C. Remain constant
- D. None of these
|
| 5 |
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
|
| 6 |
Another name of diminishing balance method of depreciation is the |
- A. Reducing balance method
- B. Sinking fund method
- C. Straight line mehod
- D. Revaluation method
|
| 7 |
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
|
| 8 |
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
|
| 9 |
Under aunuity method, the annual charger for depreciation wil be debited to. |
- A. Assets account
- B. Depreciation account
- C. Interest account
- D. None of these
|
| 10 |
the term depreciationis used with reference to. |
- A. Tangible assets
- B. Intangible asets
- C. Current assets
- D. Fixed assets
|
