----------- 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
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
A----------- is created for some specific object
Provision
Reserve
None of these
Increase or decrease in the value of current assets is
Fluctuation
Depletion
Obsolescence
------------ refers to the amount retained by way of providing for a definitely existing liability whose amount cannot be determined accurately
--------------- value of an asset means the amount that it fleches on sale at the end of is useful working life
Scrap
Cost price
Original value
The term depreciation is used in relation to
Fixed assets
Current assets
Wasting Assets
Intangible assets
Provision is a charge against-----------
Profit
Asset
Liability
Reserve shows excess of assets over----------
Receipts
Income
Liabilities
Depreciation is the process of
Valuation
Allocation
Both of these