| 1 |
The amount charged as depreciation goes on declining in |
- A. Depletion fund method
- B. Auunity method
- C. Diminishing balance method
- D. Straiight line method
|
| 2 |
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
|
| 3 |
Depreciation is charged on. |
- A. Fixed tangible assets only
- B. Fixex intangible assets only
- C. Current assets only
- D. None of these
|
| 4 |
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
|
| 5 |
Depreciation is |
- A. An Income
- B. An expense
- C. A loss
- D. A liability
|
| 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 |
Depreciation caused by some external amoutn of anual depreciation gradully. |
- A. Increase
- B. Decrease
- C. Remain constant
- D. None of these
|
| 8 |
The assets which have not got physical existence are called. |
- A. Intangible assets
- B. Intangible fixed assets
- C. Current assets
- D. Tangible fixed assets
|
| 9 |
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
|
| 10 |
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
|
