-------------- means amount set aside out of profit
Depreciation
Reserves
Provision
None of these
Depreciation decreases only the--------- value of the asset
Book value
Market value
Cost price
------------ refers to the amount retained by way of providing for a definitely existing liability whose amount cannot be determined accurately
Reserve
Appreciation
Find out the odd one and state reason
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 arises because of
Fall in the market value of an asset
Physical wear and tear
Fluctuation
Deflation
Under -------- method of depreciation, the amount of depreciation goes an decreasing year after year
Diminishing balance
Annuity
Fixed installment
Depreciation is charges on --------- assets only
Intangible
Tangible
Wasting
If any reserve is created for definite purpose, it is known as --------------
General reserve
Specific reserve
Both of these
Find the odd one and state the resources
Copyright
Patent
Trademark
Machinery
spot out the odd one and state reason
Workman compensation fund
Investment fluctuation fund
Profit prior to incorporation
