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Question-1
----------- refers to writing off the cost of intangible assets like patents, copyright, trademarks, franchisers, leasehold mines which have entitlements to the use for a specified period of time
(A)
Amortization
(B)
Depletion
(C)
None of these
(D)
Both of these
Question-2
----------- means the measure of the exhaustion of the useful life of an asset owing to use or obsolescence during a genuine period
(A)
Depreciation
(B)
Appreciation
(C)
Revaluation
(D)
Realisation
Question-3
Depreciation is charges on --------- assets only
(A)
Intangible
(B)
Tangible
(C)
Wasting
(D)
None of these
Question-4
Depreciation arises because of
(A)
Fall in the market value of an asset
(B)
Physical wear and tear
(C)
Fluctuation
(D)
Deflation
Question-5
Fixed installment method can also called------------ method
(A)
Straight line
(B)
Revaluation
(C)
Annuity
(D)
None of these
Question-6
.--------------- cannot be correctly calculated under depreciation on fixed assets is duly charged as a business expenses
(A)
Net profit
(B)
Gross profit
(C)
Financial leverage
(D)
None of these
Question-7
------------- is charged on a continuous basis
(A)
Depreciation
(B)
Revaluation
(C)
Realization
(D)
None of these
Question-8
--------------- value of an asset means the amount that it fleches on sale at the end of its useful working life
(A)
Scrap
(B)
Cost price
(C)
Original value
(D)
None of these
Question-9
Depreciation refers to a --------- is the value of tangible assets
(A)
Change
(B)
Decrease
(C)
Fluctuation
(D)
None of these
Question-10
Depreciation decreases only the--------- value of the asset
(A)
Book value
(B)
Market value
(C)
Cost price
(D)
None of these
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Plus 1 Commerce
ICSE/ISC
Practice in Related Chapters
Introduction Of Accounting
Concepts, Standards And Basis
Classification Of Accounts Under Double Entry System And Accounting Equation
Ledger
Trial Balance
Final Accounts Or (Financial Statements)
Journal
Sub-Division Of Journal : Cash Book
Sub-Division Of Journal : Specified purpose Subsidiary
Bank Reconciliation Statement
Rectification Of Errors
Capital And Revenue Expenditure/Income
Depreciation Accounting
Provisions And Reserves
Single Entry System : Accounts From Incomplete Records
Accounts of Non Trading Organization
Bills of Exchange
Introduction To The Use Of Computers In Accounting
Accounting concepts,standards and basis
Introduction to Accounting
Depreciation, Provision and Reserves
Trial Balance and Rectification of Errors
Depreciation, Provision and Reserves
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