Tag: depreciation and causes of depreciation
Questions Related to depreciation and causes of depreciation
Depletion term is used in case of intangible assets.
Type of asset on which depreciation is provided is known as _________ .
Double-declining method is often used in ________.
Depreciation is to be calculated from the date of _____________________.
Which of the following is Depleted?
Depletion method depreciation is normally applied in case of _________ assets.
Which one of the following depreciation methods is most suitable for a coal mine?
Match List-I with List-II and select the correct answer using the codes given the lists.
List-I | List-II |
---|---|
I. Amortisation | (a) Diminition in the life of the assets due to excessive use |
II. Depreciation | (b) Exhaustion of natural resource |
III. Depletion | (c) Expiration of tangible assets |
IV. Obsolescence | (d) Expiration of intangible assets |
(e) Economic deterioration due to improved inventions |
Match List-I with List-II and select the correct answer using the codes given the lists.
List-I | List-II |
---|---|
I. Uncertain liability | (a) Amortisation |
II. Expiry of tangible asset | (b) Long-term liability |
III. Basis for all valuations in the balance sheet | (c) Research and development |
IV. Accounting standard-As-$8$ | (d) Estimated obligation |
(e) Conservation convention |
__________ reduces the availability of the quantity of the material or asset.