The asset which is an exception from 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
• Tick the correct match 1. Current Asset 1. Depreciation 2. Nominal A/c 2. Land 3. Non Depreciable Asset 3. Insurance A/c 4. Non Cash Expense 4. Prepaid Rent A/c
• If the asset is sold, the provision for depreciation relating to the asset sold is transferred to:
• Cost of fixed asset minus accumulated depreciation expenses of the fixed asset:
• Under which method of depreciation annual depreciation goes on decreasing
• Under which method of depreciation annual depreciation fluctuate with the volume of production
• When provision for depreciation account is maintained, the amount of depreciation is debited to
• For providing depreciation on leasehold property, the appropriate method of depreciation is:
• Annual depreciation of machine is 40000, cost of machine is 500000, rate of depreciation according to straight-line method will be
• the depreciation charged on an asset is debited to