Depreciation Quiz-1
Depreciation Quiz-1 Index => Depreciation Quiz-1 Quiz Show all questions <= => Depreciation is ? Revenue expenditure ? capital expenditure ? Deferred revenue expenditure ? None of the above Depreciation helps in determining ________. ? Increases the value of the asset ? Revenue generation ? Increase the burden of tax ? Accurate level of profit Every fixed asset loses its value due to use or other reasons. This decline in the value of assets is known as ________. ? Provisions ? Depreciation ? Devaluation ? Amortisation pick the odd one out: ? original cost mentod ? Fixed instalment method ? straight line method ? Diminishing balance method Under which depreciation method does the amount of depreciation expenses remains the same throughout the useful life of a fixed asset? ? Reducing balance method ? Number of units produced method ? Machine