Quiz on Depreciation

#1. The amount that a fixed asset is expected to realise on its disposal is known as ……………

#2. The balance of depreciation account is transterred to ……………

#3. Depreciation is charged only on……….. assets.

#4. The amount of depreciation reduces year after year under …………..

#5. The amount of depreciation charged machinery is debited to ………… account.

#6. The amount spent on installation of new machinery is a ………………… expenditure.

#7. By the amount of depreciation the value of asset …………….

#8. Decrease in the value of fixed asset is known as ………….

#9. Wages paid for installation of machinery debited to …………. account

#10. Under Fixed Instalment Method, depreciation is charged on ……………

#11. The amount of depreciation remains constant every year under ………………..

#12. At the end of financial year, balance of depreciation A/c is transferred to …………………

#13. Under ……………. method depreciation is calculated on written down value

Finish

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