1.
The term amortisation is used to write off:
1 out of 10
3.
Which of the following is not a cause of depreciation:
3 out of 10
4.
What is the amount of difference between the closing balances of two machines after two years is both machines were purchased on the same date with the same amount i.2., for ₹ 1,00,000? Machine I is depreciated by 20% p.a. on Straight Line Method and Machine II is depreciated by 20% p.a. on Diminishing Balance Method:
4 out of 10
5.
The balance of machine on 31st March 2019 is ₹ 97,200. The machine was purchased on 1st April 2017. Depreciation is charged @ 10% p.a. by diminishing balance method. The cost price of the machine as on 1st April 2017 would be:
5 out of 10
6.
Amortisation refers to writing off ……….
6 out of 10
7.
The W.D.V. of an asset after three years of depreciation on reducing balance method @ 15% p.a. is ₹ 49,130. What was its original value?
7 out of 10
8.
The amount of Depreciation charged on machinery is debited to:
8 out of 10
9.
Diminishing Value Method means a method by which:
9 out of 10
10.
A machinery which costs ₹ 2,00,000 is depreciated at 25% per year using the Written Down Value Method. At the end of three years, it will have a net book value of:
10 out of 10
