Download App

Depreciation, Provisions and Reserves — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountDepreciation, Provisions and Reserves1 Mark
MCQ
__________ method is normally recommended for amortization of intangible assets.
  • A
    SYD
  • ✓
    SLM
  • C
    WDV
  • D
    DDB
✓

Answer

Correct option: B.
SLM
An intangible asset is a non-physical asset that has useful life of greater than one year. If an intangible asset has a finite useful life, you should amortize it over that useful life.
Intangible assets are usually not considered to have any residual value, so the full amount of the asset is typically amortized. SLM is normally recommended for amortisation of intangible assets.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "M.C.Q (1 Marks)" from Depreciation, Provisions and Reserves→Depreciation, Provisions and Reserves — all question types→Account STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

The users of financial statements include _______.
→
An amount of Rs. 1000 is debited twice in the pass book. When overdraft as per the cash book is the starting point __________.
→
"Holding gains in relation to stocks should not be used for payment of dividend." which one of the following accounting principles is involved in this?
→
The account current method in which the days are calculated from the date of transaction to the commencement date is known as ________.
→
Consider the following items:
i. Prepaid Salary
ii. Accrued Interest (Receivable)
iii. Loan (Short term)
iv. Bank Overdraft
Current Liability would include:
→
______ is the reason for bank pass book showing higher balance than Cash book.
→
Under diminishing balance method, depreciation is charged on:
→
Bank reconciliation sometimes points to the need for adjusting entries. Invariably how should it be done?
→
Purchase Returns Account shows _________.
→
Loss of goods by fire should be credited to:
→