MCQ - Depreciation Accounting (Part - 1) CA Foundation Notes | EduRev

Principles and Practice of Accounting

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CA Foundation : MCQ - Depreciation Accounting (Part - 1) CA Foundation Notes | EduRev

 Page 1


CPT Section A: Fundamentals of Accounting Chapter-5  
Part 3: Methods of Depreciation 
CA. Poonam Patni 
Page 2


CPT Section A: Fundamentals of Accounting Chapter-5  
Part 3: Methods of Depreciation 
CA. Poonam Patni 
MCQ's 
Page 3


CPT Section A: Fundamentals of Accounting Chapter-5  
Part 3: Methods of Depreciation 
CA. Poonam Patni 
MCQ's 
Increases 
every year 
Decreases 
every year 
Fixed for all 
years 
Revalued 
every year 
  MCQ 1. In annuity method, the amount of depreciation: 
Page 4


CPT Section A: Fundamentals of Accounting Chapter-5  
Part 3: Methods of Depreciation 
CA. Poonam Patni 
MCQ's 
Increases 
every year 
Decreases 
every year 
Fixed for all 
years 
Revalued 
every year 
  MCQ 1. In annuity method, the amount of depreciation: 
(a) Only 
provide for 
depreciation 
of an asset 
(b) Provide for 
depreciation  
& also to 
accumulate 
the amount 
for its 
replacement 
(c) Provide for 
the payment 
of some 
liability 
(d) Providing 
for future 
losses 
   MCQ 2.Depreciation fund method is designed to :  
Page 5


CPT Section A: Fundamentals of Accounting Chapter-5  
Part 3: Methods of Depreciation 
CA. Poonam Patni 
MCQ's 
Increases 
every year 
Decreases 
every year 
Fixed for all 
years 
Revalued 
every year 
  MCQ 1. In annuity method, the amount of depreciation: 
(a) Only 
provide for 
depreciation 
of an asset 
(b) Provide for 
depreciation  
& also to 
accumulate 
the amount 
for its 
replacement 
(c) Provide for 
the payment 
of some 
liability 
(d) Providing 
for future 
losses 
   MCQ 2.Depreciation fund method is designed to :  
Profit & loss 
account 
Asset 
Account 
Sinking Fund 
Account 
Depreciation 
Account 
  MCQ 3. Any profit or loss on the sale of sinking 
fund investment is transferred to : 
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