A----------- is created after ascertaining the profit
Reserve
Provision
Depreciation
None of these
Depreciation decreases only the--------- value of the asset
Book value
Market value
Cost price
The term depreciation is used in relation to
Fixed assets
Current assets
Wasting Assets
Intangible assets
Find out the odd one and state reason
Estimated scrap value
Original cost
Sale price
Use full life of assets
Profit on sale of fixed assets
Profit on revaluation of fixed assets
Profit on sale of goods
profit on redemption of debentures
------------ is shown under the head Reserves & surplus on the liability side of balance sheet
Assets
To provide funds for known liability in future
To calculate the correct net profit
To find out the true financial position
Fulfilling some specific purpose
Depreciation charged in the initial year will be more in the case of ---------- method
Diminishing method
Written down value method
Both A and B
Which of the following assets is normally assumed not to be depreciated
Land
Building
Plant
Furniture
Creation of reserve is---------------
Not compulsory
Compulsory
All of these
