Cost of a fixed asset – Accumulated depreciation expenses of the fixed asset=?
An increase in the value of fixed asset is referred to as:
An increase in the value of fixed asset is referred to as Appreciation. Appreciation, in general terms, is an increase in the value of an asset over time. The increase can occur for a number of reasons, including increased demand or weakening supply, or as a result of changes in inflation or interest rates.
The term _____ is generally used for the depreciation of natural resources
When an asset is disposed off the procedure will be recorded in a separate account called :
Which of the following is the limitation of the Written down value
Following are the provisions except Examples of provisions are :
Obsolescence means decrease in assets
Depreciation is a process of
If the amount of any known liability can not be determined with accuracy
Which of the following is true relating to Secret reserve
Dividend equalization reserve is termed as reserves
How secret reserve can be created
Which reserve is crated out of capital gain
Which one is false relating to Depreciation
Depreciation arise due to
Under which depreciation method the amount of depreciation expenses remain same throughout the useful life of a fixed asset
Which of the following is the normal balance of an accumulated depreciation account
Credit balance is the normal balance of an accumulated depreciation account. Accumulated depreciation has a credit balance, because it aggregates the amount of depreciation expense charged against a fixed asset.
Deprecation amount + Residential value of a fixed asset =
XYZ firm has imported a machine from abroad, which of the following is not the element of machine’s cost