Characteristics of depreciation is
Depreciation

Quiz
•
Other
•
11th Grade
•
Medium
Santhi S
Used 61+ times
FREE Resource
21 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
decline in the value of assets
Depreciation is of permanent nature
Depreciation is a noncash expense
All of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Depreciation arises because of
Obsolescence
Constant use of assets
Expiry of time
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Depreciation for business is
Loss
Income
Gain
Liability
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Factors taken into consideration for providing depreciation are
Total cost of the asset
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 the above
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 the asset
On the closing balance of the asset
On each year's opening balance of the asset
On the market price of the asset
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