Cost of a fixed asset – Accumulated depreciation expenses of the fixed asset=?
An increase in the value of fixed asset is referred to as:
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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
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
Which reserve is crated out of capital gain
Which one is false relating to Depreciation
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
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
82 videos|167 docs|42 tests
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82 videos|167 docs|42 tests
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