Quiz on Depreciation
#1. The amount that a fixed asset is expected to realise on its disposal is known as ……………
#2. The amount of depreciation reduces year after year under …………..
#3. The amount of depreciation charged machinery is debited to ………… account.
#4. The balance of depreciation account is transterred to ……………
#5. Under Fixed Instalment Method, depreciation is charged on ……………
#6. Decrease in the value of fixed asset is known as ………….
#7. At the end of financial year, balance of depreciation A/c is transferred to …………………
#8. By the amount of depreciation the value of asset …………….
#9. The amount spent on installation of new machinery is a ………………… expenditure.
#10. Wages paid for installation of machinery debited to …………. account
#11. The amount of depreciation remains constant every year under ………………..
#12. Under ……………. method depreciation is calculated on written down value
#13. Depreciation is charged only on……….. assets.
Results
