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# MCQ - Depreciation Accounting (Part - 2) CA Foundation Notes | EduRev

## CA Foundation : MCQ - Depreciation Accounting (Part - 2) CA Foundation Notes | EduRev

``` Page 1

CPT Section A: Fundamentals of Accounting
Chapter-5
Part 5: Miscellaneous Concepts of Depreciation
CA. Poonam Patni

Depreciation Accounting
Page 2

CPT Section A: Fundamentals of Accounting
Chapter-5
Part 5: Miscellaneous Concepts of Depreciation
CA. Poonam Patni

Depreciation Accounting
Page 3

CPT Section A: Fundamentals of Accounting
Chapter-5
Part 5: Miscellaneous Concepts of Depreciation
CA. Poonam Patni

Depreciation Accounting
MCQ1: XYZ Ltd. Purchased a machine for Rs. 1,20,000 on
01.01.2012. Installation expenses were Rs. 10,000. Life of the
asset is 5 years. Residual value is Rs. 2,000. Depreciation is
charged as per SLM @ 10%. What is the amount of annual
Depreciation.
a) Rs.13,000 b) Rs. 17,000
c) Rs. 21,000 d) Rs. 25,000
=1,20,000 +
10,000
=1,30,000 X
10%
= 13,000
Page 4

CPT Section A: Fundamentals of Accounting
Chapter-5
Part 5: Miscellaneous Concepts of Depreciation
CA. Poonam Patni

Depreciation Accounting
MCQ1: XYZ Ltd. Purchased a machine for Rs. 1,20,000 on
01.01.2012. Installation expenses were Rs. 10,000. Life of the
asset is 5 years. Residual value is Rs. 2,000. Depreciation is
charged as per SLM @ 10%. What is the amount of annual
Depreciation.
a) Rs.13,000 b) Rs. 17,000
c) Rs. 21,000 d) Rs. 25,000
=1,20,000 +
10,000
=1,30,000 X
10%
= 13,000
MCQ2: Which of the
following is not
correct in respect to
fixed asset.
a) They are acquired for
using them in the conduct
b) They are not meant for
resale to earn profit.
c) They can easily be
converted into cash.
d) Depreciation at
specified rates is to be
charged on most of the
fixed asset.
Page 5

CPT Section A: Fundamentals of Accounting
Chapter-5
Part 5: Miscellaneous Concepts of Depreciation
CA. Poonam Patni

Depreciation Accounting
MCQ1: XYZ Ltd. Purchased a machine for Rs. 1,20,000 on
01.01.2012. Installation expenses were Rs. 10,000. Life of the
asset is 5 years. Residual value is Rs. 2,000. Depreciation is
charged as per SLM @ 10%. What is the amount of annual
Depreciation.
a) Rs.13,000 b) Rs. 17,000
c) Rs. 21,000 d) Rs. 25,000
=1,20,000 +
10,000
=1,30,000 X
10%
= 13,000
MCQ2: Which of the
following is not
correct in respect to
fixed asset.
a) They are acquired for
using them in the conduct
b) They are not meant for
resale to earn profit.
c) They can easily be
converted into cash.
d) Depreciation at
specified rates is to be
charged on most of the
fixed asset.
MCQ 3: Which of
the following
expenses is not
included in the
acquisition cost
of a plant  &
equipment.
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## Fundamentals of Accounting for CA CPT

39 videos|143 docs|85 tests

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