Depreciation is “a measure of the wearing out, consumption or other loss of value of depreciable asset arising from use, effluxion of time or obsolescence through technology and market-change. Depreciation has a significant effect in determining and presenting the financial position and results of operations of an enterprise.
online quiz in depreciation
onlineexamshub provide questions and answers in depreciation for preparation of professional entrance exams of CA CPT , CA Foundation, CS Foundation,CMA Foundation, etc.this quiz covered depreciation methods, etc.
Test 1 Depreciation accounting
Test 2 Depreciation accounting
Test 3 Depreciation accounting
Test 4 Depreciation accounting
Test 5 Depreciation accounting
Test 6 Depreciation accounting
The determination of depreciation depends on three parameters, viz. cost,estimated useful life and probable salvage value
The depreciation amount to be charged for during an accounting year depends upon depreciable amount and the method of allocation. For this, two methods are mandated by law and enforced by professional accounting practice in India. These methods are straight line method and written down value method.