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Depreciation Pr...

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  • Question 1
    1 / -0

    _________ cost will still be incurred although a plant is shut down temporarily.

  • Question 2
    1 / -0

    Which one of the following statements is correct?

  • Question 3
    1 / -0

    Match List-I with List-II and select the correct answer using the codes given the lists.

    List-IList-II
    I. Amortisation(a) Diminition in the life of the assets due to excessive use
    II. Depreciation(b) Exhaustion of natural resource
    III. Depletion(c) Expiration of tangible assets
    IV. Obsolescence(d) Expiration of intangible assets
    (e) Economic deterioration due to improved inventions

  • Question 4
    1 / -0

    The amount of depreciation charged to Profit and Loss Account varies every year under _________.

  • Question 5
    1 / -0

    Accumulated depreciation account is shown in the final accounts:

  • Question 6
    1 / -0

    Which of the following is/are capitalised along with the purchase price a fixed asset?
    I. Import duty
    II. Delivery and handling cost
    III. Cash discount
    IV. Cost of installation
    Select the correct answer using the codes given.

  • Question 7
    1 / -0

    A company has bought patents. Which of the following methods is most suitable for providing depreciation on them?

  • Question 8
    1 / -0

    Under which of the following methods of depreciation, amount of depreciation varies every year

  • Question 9
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    The permanent, continuing and gradual shrinkage in the book value of a fixed assets is called _______.

  • Question 10
    1 / -0

    Match List-I with List-II and select the correct answer using the codes given the lists.

    List-IList-II
    I. Uncertain liability(a) Amortisation
    II. Expiry of tangible asset(b) Long-term liability
    III. Basis for all valuations in the balance sheet(c) Research and development
    IV. Accounting standard-As-$$8$$(d) Estimated obligation
    (e) Conservation convention

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