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Depreciation Pr...

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  • Question 1
    1 / -0

    Carriage on purchase of fixed asset is __________ to cost of asset.

  • Question 2
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    Which of the following is not an advantage of Replacement value method of depreciation?

  • Question 3
    1 / -0

    Wages paid on installation of machinery is debited to ____________.

  • Question 4
    1 / -0

    In case of mineral resources __________.

  • Question 5
    1 / -0

    The principal factor in measurement of depreciation is/are __________.

  • Question 6
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    The term "___________" is used for the process of writing down long term investment in intangible.

  • Question 7
    1 / -0

    ______________ is the amount of the acquisition cost to be allocated as depreciation over the total useful life of an asset.

  • Question 8
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    An asset is subject to $$10\%$$ depreciation on reducing balance method. If the book value of the asset as on $$31.03.13$$ is Rs. $$45000$$. The Book value of the Asset as on $$31.03.15$$ will be ___________.

  • Question 9
    1 / -0

    An asset is subject to $$10\%$$ depreciation on reducing balance method. If the book value of the asset as on $$31.03.14$$ is Rs. $$40500$$. The annual depreciation for the year $$2013-14$$ amounted to __________.

  • Question 10
    1 / -0

    XYZ purchased a plant having estimated useful life of $$15$$ years, however after $$5$$ year the remaining life of the asset is revised to $$5$$ years. Rs. $$40,000$$ being the remaining depreciable amount will be charged/allocated over ____________.

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