CS Foundation Depreciation accounting

Under which of following method depreciation charged does not declines?

What do you understand when one refers to as “net book value” of  as  non current asset?

Under which of the following method depreciation charged does not declines?

Which of the following would you include within the cost of sale?

A wholesaler who uses his fleet of vehicles for delivering his goods to customers, reports his net profit for the year without accounting for depreciation of his vehicles. The effect is ____

____ method, a fixed proportion of the original cost of the asset is written off each year so that asset account may be reduced to its residual value at the end of its estimated economic useful life.

Which of the following is the normal balance of an accumulated depreciation account?

Which of the following is/are advantage of fixed instalment method of charging depreciation?

Which of the following is a double entry for depreciation expenses?

Which of the following is/are cannot be treated as advantage of fixed instalment method of charging depreciation?

Depreciable amount + Residual value of a fixed asset=?

Which of the following is/are disadvantage of fixed instalment method of charging depreciation?

Depreciation fund method is also known as-

An alternative term used for accumulated depreciation expenses?

____ method, the amount of depreciation is ascertained in such a way, that if invested every year with compound interest, it will yield an amount equal to the cost of asset.

Which of the following method of depreciation takes into account the element of interest on capital outlay and seeks to write off the value of the asset as well as the interest lost over the life of the asset?

XYZ firms has imported a machine from abroad. Which of the following is NOT the element of machine’s cost?

Under annuity method amount of depreciation-

Under ___ method depreciation is provided as a fixed percentage of the written down value of the asset.

In the calculation of depreciation, all of the following items items are actually estimates except ____

Which of the following is/are advantage of reducing balance method/WDV method?

___ is a method of accelerated depreciation that allocates larger amounts of depreciation as an expense during the earlier years of the life of an asset.

An increase in the value of fixed asset is referred to as___

Which of the following method is applicable in case of wasting assets, i.e. mines, quarries, oil well etc.?

Under________method depreciation is calculated on the basis of hours worked during the year by the machine.