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Depreciation Pr...

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  • Question 1
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    Provision is debited to ____ account.

  • Question 2
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    An increase in the value of fixed asset is referred to as:

  • Question 3
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    Which of the following assets is most suitable for depreciation using the WDV method?

  • Question 4
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    In depreciation calculation, the useful life of a fixed asset is:

  • Question 5
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    Good debt:

  • Question 6
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    What is the advantage of the WDV method?

  • Question 7
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    Which of the following is not a type of reserve?

  • Question 8
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    Following are the provisions except Examples of provisions are:

  • Question 9
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    Under which depreciation method the amount of depreciation expenses remain same throughout the useful life of a fixed asset?

  • Question 10
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    What is the main purpose of recording depreciation in financial statements?

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