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WorksheetsDepreciation
Total questions: 12
Worksheet time: 6mins
Depreciation on the diminishing balance method of Rs. 2000 at the rate of 10% p.a after three years will be: 2015
Rs. 1400
Rs. 1458
Rs. 542
None of these
Depreciation of an asset should not exceed the: 2015
Original cost
Depreciable value
Market price
Scrap value
Loss on the sale of machinery should be written off against: 2016
Share premium account
Sales account
Depreciation fund account
None of these
The period during which the asset will help in earning income of business is known as: 2016
Consumed life
Expired life
Exhausted life
Working life
If original cost of an asset is Rs. 10,000, rate of depreciation 10 % p.a. then the value of depreciation under diminishing balance method after third year will be: 2016
Rs. 1000
Rs. 900
Rs. 700
Rs. 810
The physical deterioration in assets due to use in business is called: 2017
Depletion
Obsolescence
Wear and tear
Accident
The value of Assets may rise or fall on account of: 2018
Depreciation
Depletion
Fluctuation
Amortization
In straight line method, depreciation is calculated on: 2018
Book value
Market value
Scrap value
Original cost
Original cost of machinery Rs. 5,500, scrap value Rs. 500, the useful life of machinery 10 years, then the annual value of deprecation will be: 2018
Rs. 500
Rs. 550
Rs. 1000
Rs. 1500
Depreciation arises because of; 2019
Fall in the market value of an asset
Physical wear and tear
Fall in the value of money
Increase in the value of money
The decreases in the value of intangible asset is known as: 2019
Amortization
Depreciation
Appreciation
Depletion
What is the total amount whatsoever received by selling used or obsolete asset or its spare parts known as?
Scrap Value
Salvage Value
Residual Value
All of these
