types of depreciation

Depreciation is a measure of the wearing out, consumption or other loss of value of depreciable asset arising from-
I. Use
II. Effluxion of time
III. Obsolescence through technology and market changes

Depreciation is a ______ shrinkage in the book values of a fixed asset.

depreciation is generally provided on-

On which of the following depreciation cannot be provided?

Depreciation is a process of-

The annual instalment to depreciation fund for replacement of a fixed asset is –

depreciation is the fall in the _______ of a fixed asset through physical wear and tear due to use or passage of time or from any other cause.

Depreciation assets are assets which-

Loss of usefulness occasioned by improved production methods is known as …….

_______ has defined depreciation as” a measure of the wearing out, consumption or other loss of value of a depreciable asset arising from use, effluxion of time obsolescence through technology and market changes. Depreciation is allocated so as to charge a fair proportion of depreciable amount in each accounting period during the expected useful life of the asset. Depreciation includes amortization of assets whose useful life is predetermined”.

Depreciation Accounting has been defined by the ______ as “a system of accounting which aims to distribute the cost or other basic value of tangible capital assets less salvage (if any) over the estimated useful life of the unit (which may be a group of assets) in a systematic and rational manner. It is a process of allocation and not of valuation.”

Amortization applies to ……..

Which of the following is/are the important characteristic of depreciation?
P. Depreciation is permanent, continuous and gradual increase in the value of fixed asset.
Q. Depreciation is appropriation of profit.
R. Depreciation is always computed in a systematic and rational manner.

Which of the following is/are the important characteristic of depreciation?

Loss on the sale of machinery should be written off against…….

Which of the following is/are the important characteristic of depreciation?

Which of the following is/are not the important characteristic of depreciation?

Estimated sale value of the asset at the end of its economic life is known as ……..

Fundamental objective of depreciation is/are –

Which of the following is/are cause for providing depreciation?

The main objective of providing depreciation is ……….

Which of the following is/are cause providing depreciation?

Which of the following is/are cannot be treated as cause for providing depreciation?

If the asset is sold, the provision for depreciation relating to the asset sold is transferred to ………

Which of the following is/are the objectives of providing depreciation?