Quiz – Depreciation – MCQ – Accounting Capital Premium

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Time Limit: Unlimited
Level: Easy to Medium
Question Type: MCQs
Passing Score: 90%
No. of Questions: 24

Quiz – Depreciation – MCQ

Asset = 10,000, Depreciation = 40%, Asset Value after 1 Year = _____.

Which of these are ‘types of depreciation’.

_____ is another name for straight line method of depreciation.

‘Depreciation A/C’ is _____ to record the journal entry for depreciation.

_____ is usually not to depreciated.

Which of the following is depreciated?

Depreciation is charged on all tangible assets.

Depreciation is shown on _____.

_____ depreciation means sum of all depreciation charged till date.

Diminishing value method is also called _____ method.

Which of the following is not a method of depreciation.

Main reasons for charging depreciation are normal usage and _____.

Depreciation is for tangible fixed assets whereas _____ is for intangible assets.

Depreciation is _____ in the value of a tangible fixed asset.

_____ account is debited when depreciation is charged on fixed assets.

Book value is the difference between _____ of asset and depreciation till date.

While charging depreciation, we distribute the cost over _____.

On which of the following is depreciation charged?

In _____ method, fixed amount of depreciation is charged annually.

Depreciation is charged on _____ assets.

Provision for depreciation is a _____ account.

Depreciation is a capital expenditure.

Depreciation is a cash expense.

Which of the following asset is not depreciated?

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