Depreciation-E-1

Depreciation means ------- in the value of  asset                                                      (F-12) (F-19)

• Increase in value of asset

• No change in value of asset

• Continuous decrease

• Decrease in value of asset in intervals

 1-Depreciation is:

 2-Depreciation is called:

 3-Depreciation can be treated as:

 4-For the business depreciation is: (F-14-16-17-22)

• Expense

• Income

• Liability

• Assets

The assets not depreciable is:

                                            (F-12)

• Goodwill

• Land

• Patent

• All of these

The method of depreciation under which amount of depreciation remains constant every year:   

           (M-15) (BW-16) (G-17) (SW-21)

• Fund method

   

   

   

• Diminishing balance method

• Straight line method

• All of these

1-Under fixed installment method depreciation every year   (SW-14)(BW-15-17-19) (R-12-13-15-17)

                       (SG-16)(G-16-19)(L-16-18)(F-17)(SG-19)

2-In straight line method depreciation expense are

3-Under straight line method of depreciation the amount of depreciation:                      (G-21)

• Increase

• Decrease

• Constant

• All of these

Depreciation calculated in fixed installment method on:                        (M-14-18)(F-15)(SG-15)

• Original cost of asset

• Scrap value

• Book value

• Sale value

1-Good will is:            (F-11-14-18)(G-15) (SG-17-18) (L-18) (R-17-19)

2-Trade mark is                        (BW-21) (L-19-21)

 3-Copyright is:                                          (F-21)

• Tangible asset

• Current asset

• Fictitious asset

• Intangible asset

Which one of the tangible assets?

                            (BW-17)(SW-17) (L-21) (R-21) (M-21)

• Good will

• Trademark

• Copy right

• Machinery

   Equipment

If assets book value is less than sale value it produced:                       (BW-15) (SG-16-18) (F-21)

• Profit

• Loss

• Interest

• None of these

1-The value of an asset at the end of its working life is called:      (F-17-22)(R-19) (L-21)

2-The estimated value of fixed asset at the end of its economic life is called        (F-19)

• Scrap value

• Residual value

• Salvage value

• All these