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Depreciation-E-1

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

Depreciation means ------- in the value of  asset                                                      (F-12) (F-19)

a)

Increase in value of asset

b)

No change in value of asset

c)

Continuous decrease

d)

Decrease in value of asset in intervals

2.

 1-Depreciation is:

 2-Depreciation is called:

 3-Depreciation can be treated as:

 4-For the business depreciation is: (F-14-16-17-22)

a)

Expense

b)

Income

c)

Liability

d)

Assets

3.

The assets not depreciable is:

                                            (F-12)

a)

Goodwill

b)

Land

c)

Patent

d)

All of these

4.

The method of depreciation under which amount of depreciation remains constant every year:   

           (M-15) (BW-16) (G-17) (SW-21)

a)

Fund method

 

 

 

b)

Diminishing balance method

c)

Straight line method

d)

All of these

5.

1-Under fixed installment method depreciation every year   (SW-14)(BW-15-17-19) (R-12-13-15-17)

                       (SG-16)(G-16-19)(L-16-18)(F-17)(SG-19)

2-In straight line method depreciation expense are

3-Under straight line method of depreciation the amount of depreciation:                      (G-21)

a)

Increase

b)

Decrease

c)

Constant

d)

All of these

6.

Depreciation calculated in fixed installment method on:                        (M-14-18)(F-15)(SG-15)

a)

Original cost of asset

b)

Scrap value

c)

Book value

d)

Sale value

7.

1-Good will is:            (F-11-14-18)(G-15) (SG-17-18) (L-18) (R-17-19)

2-Trade mark is                        (BW-21) (L-19-21)

 3-Copyright is:                                          (F-21)

a)

Tangible asset

b)

Current asset

c)

Fictitious asset

d)

Intangible asset

8.

Which one of the tangible assets?

                            (BW-17)(SW-17) (L-21) (R-21) (M-21)

a)

Good will

b)

Trademark

c)

Copy right

d)

Machinery

 Equipment

9.

If assets book value is less than sale value it produced:                       (BW-15) (SG-16-18) (F-21)

a)

Profit

b)

Loss

c)

Interest

d)

None of these

10.

1-The value of an asset at the end of its working life is called:      (F-17-22)(R-19) (L-21)

2-The estimated value of fixed asset at the end of its economic life is called        (F-19)

a)

Scrap value

b)

Residual value

c)

Salvage value

d)

All these