Depreciation of fixed assets is an example of:

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
• The depreciation of Fixed Assets is converted at rate________________
• For depreciation on fixed assets, whose accounts are maintained by the head office, the head office
• Depreciation on fixed assets implies
• Cost of fixed asset minus accumulated depreciation expenses of the fixed asset:
• When a branch purchases fixed assets and the assets account is to be kept in the books of the head office, the branch makes the following entry
• Fixed Assets and Current Assets are categorized as per concept of
• 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