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