Depreciation Pr...

__________ has defined depreciation as "a measure of the wearing out, consumption or other loss of value of a depreciable asset arising from use, effluxion of time or obsolescence through technology and market changes. Depreciation is allocated so as to charge a fair proportion of depreciable amount in each accounting period during the expected useful life of the asset. Depreciation includes amortization of assets whose useful life is predetermined."

Which of the following is/are the objectives of providing depreciation?

What is the accumulated depreciation?

A purchased an old computer costing $$Rs. 10,000$$ and incurred $$Rs. 1,000$$ on its repair and $$Rs. 500$$ on its packing. He sold the computer at $$20$$% margin on selling price. The sales value will be _________.

Under which of the following method depreciation is not charged uniformity?

Which of the following statements is/are false?
(I) The term 'depreciation', 'depletion' and 'amortization' convey the same meaning.
(II) Provision For Depreciation A/c debited when Provision For Depreciation A/c is created.
(III) The main purpose of charging the Profit & Loss A/c with the amount of depreciation is to spread the cost of an asset over its useful life for the purpose of income determination.
The correct option is -

Which of the following is/are the objectives of providing depreciation?

Which of the following is/are cause for providing depreciation?

Which of the following is/are not the objectives of providing depreciation?

Which of the following is/are cannot be treated a cause for providing depreciation?