Question 11 MarkDepreciation is derived from a Latin word _____________AnswerDepretiumView full question & answer→
Question 21 MarkDepreciation Account is a _____________ account.AnswerNominalView full question & answer→
Question 31 Mark_____________ is the value which an asset realises at the end of its useful life.AnswerScrap valueView full question & answer→
Question 41 MarkThe amount spent on installation of Machinery is a _____________ expenditure.AnswerCapitalView full question & answer→
Question 51 MarkIn Fixed Instalment System the amount of depreciation is _____________ every year.AnswerConstantView full question & answer→
Question 61 MarkGradual and permanent decrease in the value of asset is known as _____________AnswerDepreciationView full question & answer→
Question 71 MarkDepreciation =$\frac{\text { CostofAssetLess........... }}{\text { EstimatedWorkingLifeofAsset }}$AnswerScrap valueView full question & answer→
Question 81 MarkUnder _____________ system, the amount of depreciation changes every year.AnswerDiminishing BalanceView full question & answer→
Question 91 MarkWages paid for Installation/fixation of Machinery is debited to _____________ account.AnswerMachineryView full question & answer→
Question 101 MarkDepreciation is charged on _____________ asset.AnswerFixedView full question & answer→
Question 121 MarkBalance of depreciation A/c is transferred to ____________ A/c at the end of financial year.Answerprofit and lossView full question & answer→
Question 131 Mark____________ account is credited when incidental expenses paid on acquiring Assets.AnswerCash/BankView full question & answer→
Question 141 Mark____________ method of depreciation is recognised by Tax/Law.AnswerWritten DownView full question & answer→
Question 151 MarkFixed Installment Method of depreciation is also known as ____________ cost method.AnswerOriginalView full question & answer→
Question 161 Mark____________ cost concept is use for depreciation of Assets.AnswerHistoricalView full question & answer→
Question 171 MarkDepreciation enables the business to compute and pay the correct amount of ____________ to the Government.AnswerTaxView full question & answer→
Question 181 MarkDepreciation is necessary to make provision for ____________ of old assets.AnswerreplacementView full question & answer→
Question 201 Mark____________ is the major cause for Depreciation.AnswerNormal and Natural wear of TearView full question & answer→