The Primary objective of providing depreciation is:

Related MCQs

• Which of the following statements is true with regard to written down value method of depreciation? i. The rate at which the asset is written off reduces year after year ii. The amount of depreciation provided reduces from year to year iii. The rate of depreciation as well as the amount of depreciation reduce year after year iv. The value of the asset gets reduced to zero over a period of time
• For providing depreciation on leasehold property, the appropriate method of depreciation is:
• The main objective of providing depreciation is
• The main objective of providing depreciation is to
• When provision for depreciation account is maintained, the amount of depreciation is debited to
• Under which method of depreciation annual depreciation goes on decreasing
• Under which method of depreciation annual depreciation fluctuate with the volume of production
• Annual depreciation of machine is 40000, cost of machine is 500000, rate of depreciation according to straight-line method will be
• For providing depreciation on lease hold property, the appropriate method is
• Which of the following is true with respect to providing depreciation under diminishing balance method?