Find the odd one and state the resources
Copyright
Patent
Trademark
Machinery
Assets acquired for prolonged use are know on ------------ assets
Current
Fixed
Tangible
Intangible
----------- refers to writing off the cost of intangible assets like patents, copyright, trademarks, franchisers, leasehold mines which have entitlements for the use of a specified period of time
Amortization
Depletion
None of these
Both of these
----------- means the measure of the exhaustion of the useful life of an asset owing to use or obsolescence during a genuine period
Depreciation
Appreciation
Revaluation
Realisation
------------ is a non cash expenses
Asset purchased
Salary paid
Repair charges
Fixed installment is other wise called------------ method
Straight line
Annuity
Find out the odd one and state reason
Profit on sale of fixed assets
Profit on revaluation of fixed assets
Profit on sale of goods
profit on redemption of debentures
Reserve which are not shown in balance sheet are called--------------
Capital reserve
Revenue reserve
Secret reserve
Estimated scrap value
Original cost
Sale price
Use full life of assets
Depreciation arises because of
Fall in the market value of an asset
Physical wear and tear
Fluctuation
Deflation
