Depreciation = \(\cfrac{cost\,of\,Asset(-)........}{Estimated\,life\,of\,Asset}\)
(a) Purchase price
(b) Scrap value
(c) Installation charges
(d) months
1 Answers
Goodwill is - (A) Tangible asset (B) Intangible asset (C) Current asset (D) None of these
Correct option is: (B) Intangible asset
2 Answers 1 views
Discount on issue of debentures is :- (A) Fixed Asset (B) Current Asset (C) Real Asset (D) Fictitious Asset
Correct option is: (D) Fictitious Asset
2 Answers 1 views
Under which method of depreciation the amount of depreciation remains constant every year?
Under the Fixed Instalment Method of depreciation, an amount of depreciation remains constant every year.
2 Answers 1 views
Under which method of depreciation does the number of depreciation change every year?
Under the Reducing Balance Method of depreciation amount of depreciation changes every year.
2 Answers 1 views
(i) The method of charging depreciation under which depreciation is calculated on the original cost of an asset.
(i) Fixed Instalment Method (ii) Reducing Balance Method (iii) Depretium (iv) Profit and Loss A/c (v) Installation Charges
2 Answers 1 views
By the amount of depreciation the value of asset __________
Correct option is (a) decreases
2 Answers 1 views
Under the __________ system of depreciation, the amount of depreciation does not change from year to year.
Correct option is (a) Fixed Instalment
2 Answers 1 views
There is no need to provide depreciation if the asset is maintained with care.
This statement is False. There is no relation between good maintenance of assets and depreciation working life of fixed assets decreases with the passage of time and the introduction of new...
2 Answers 1 views
Depreciation need not be provided if the asset is not in use.
This statement is False. The working life of fixed assets decreases with passes of time. The value of these assets decreases every year as new technology introduced in the market old...
2 Answers 1 views
The manufacturing cost of 10 articles is Rs. 150 Tax on each article is `6%` of the manufacturing cost. Transportation cost comes to Re. 1 per article
Correct Answer - `12(2)/(3)%`
2 Answers 2 views