Depreciation

Depreciation

11th Grade

21 Qs

quiz-placeholder

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Depreciation

Depreciation

Assessment

Quiz

Other

11th Grade

Practice Problem

Medium

Created by

Santhi S

Used 64+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Characteristics of depreciation is

decline in the value of assets

Depreciation is of permanent nature

Depreciation is a noncash expense

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Depreciation arises because of

Obsolescence

Constant use of assets

Expiry of time

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Depreciation for business is

Loss

Income

Gain

Liability

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factors taken into consideration for providing depreciation are

Total cost of the asset

Estimated useful life of the asset

Estimated Scrap value of the asset

All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Depreciation in the value of asset is:

Permanent decrease

Temporary decrease

Seasonal decrease

None of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Depreciation is provided on :

Current assets

Fictitious assets

Fixed assets

Intangible assets

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Depreciation under fixed instalment method is calculated

On the purchase price of the asset

On the closing balance of the asset

On each year's opening balance of the asset

On the market price of the asset

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