There is no need to provide depreciation if the asset is maintained with care.

Correct option is: (C) Self-actualisation need

Correct option is: (B) Intangible asset

Correct option is: (D) Fictitious Asset

Under the Fixed Instalment Method of depreciation, an amount of depreciation remains constant every year.

Under the Reducing Balance Method of depreciation amount of depreciation changes every year.

(i) Fixed Instalment Method (ii) Reducing Balance Method (iii) Depretium (iv) Profit and Loss A/c (v) Installation Charges

Correct option is (a) decreases

Correct option is (a) Fixed Instalment

Correct option is (b) Scrap value

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...