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Depreciation

Authored by Payal Goel

Other

12th Grade

Used 166+ times

Depreciation
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Characteristic of a depreciation is -

Decline in the value of assets

Depreciation is a permanent nature

Depreciation is a known case expense

All of these

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Depreciation arises because of -

Obsolescence

Constant use of assets

expiry of time

All of these

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Depreciation for business is -

Loss

Gain

Income

Liability

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factors taken into consideration for providing depreciation are -

Total cost of assets

Estimated useful life of the asset

Estimated scrap value of the asset

All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Depreciation in the value of asset is -

Permanent decrease

Temporary decrease

Seasonal decrease

None of these

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Depreciation is provided on -

Current assets

Fictitious assets

Fixed assets

Intangible assets

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Depreciation under fixed instalment method is calculated-

On the purchase price of asset

On the closing balance of asset

On each year’s opening balance of the asset

on the market price of asset

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