Depreciation Pr...

The portion of the acquisition cost of the asset, yet to be allocated is known as ___________________.

Under _____ method depreciation is provided as a fixed percentage of the written down value of the asset.

Under which of the following method of depreciation charged does not declines?

Under which of the following method depreciation charged declines?

Which of the following is/are advantage of Reducing balance method/WDV method?

Which of the following is correct formula for charging depreciation under fixed instalment method?

Which of the following is the normal balance of an accumulated depreciation account?

Which of the following is/are advantage of fixed instalment method of charging depreciation?

Which of the following statement is false?
(I) Depreciation expense shown on a company's income statement must be the same amount as the depreciation expense on the company's income tax return.
(II) The purpose of depreciation is to have the balance sheet report the current value of an asset.
(III) Depreciation expense reflects an allocation of an asset's original cost rather than an allocation based on the economic value that being consumed.
(IV) One company might depreciate a new computer over three years while another company might depreciate the same model computer over five years and both companies are right.
The correct option is _____________________.

Which of the following is/are cannot be treated as advantage of fixed instalment method of charging depreciation?