1.
A machine was purchased on 1st April 2018 for ₹ 5,00,000 and on 1st October, 2018 a new machine is added for ₹ 2,00,000. Calculate the balance of machine account, if depreciation is charged at 20% p.a. on written down value method for the year ending March 31, 2019.
1 out of 10
2.
Depreciation is provided on:
2 out of 10
3.
Depreciation is calculated from the date of ………..
3 out of 10
4.
Which one is not the cause of depreciation?
4 out of 10
5.
Which one of the following is not a feature of written down value method of depreciation?
5 out of 10
6.
An asset was purchased for ₹ 5,00,000 and as per reducing balance method, 20% deprecation is charged each year. What is the value of assets at the end of three years?
6 out of 10
7.
What will be the percentage of depreciation under SLM in the following case:
Original Cost of Machine ₹ 1,50,000
Salvage value after 9 years ₹ 15,000
Repair charges in 2nd year ₹ 10,000
7 out of 10
8.
Under diminishing balance method, depreciation is charged on:
8 out of 10
9.
Amount of depreciation charged under diminishing balance method remains:
9 out of 10
10.
Depreciation is a process of:
10 out of 10
