The term depreciation is used in relation to
Fixed assets
Current assets
Wasting Assets
Intangible assets
Depreciation is the process of
Valuation
Allocation
Both of these
None of these
Find out the odd one and state reason
Estimated scrap value
Original cost
Sale price
Use full life of assets
When the reserve is invented in out side securities, it is know as
Capital reserve
Secret reserve
Reserve fund
Provision
This term is used to write off intangible assets such as patents, copyrights etc. Identity the term.
Amortization
Depletion
Depreciation
Fluctuations
_________ refers to the amount retained by way of providing for a definitely existing liability whose amount cannot be determined accurately.
Reserve
Appreciation
General reserve is also called as_________.
Specific reserve
Dividend equalization reserve
Free reserve
Reserve fore replacement of assets
Scrap value can also be called on _________ value.
Realizable
Break up
Resale
_________ cannot be utilized only for the purpose for which It is meant.
All of these
A reserve is created only out of ________.
Profit
Capital
Asset