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MCQ’S
Q.- Amortisation refers to writing off the cost of:
a. Fixed Assets
b. Tangible Assets
c. Intangible Assets
d. All of the above
Q.-Depreciation is a ________ Account.
a) Personal
b) Real
c) Nominal
d) None of these.
Q. What is depreciable cost?
a) Asset - depreciation
b) Asset + depreciation
c) Both a and b
d) None of the above
Objective type (1 sentence only)
1. What is obsolence?
2. What is depletion?
3. Give one causes of depreciation?
4. Give one need of providing depreciation
5. According to morden approach depreciation is a ______account.
Q- Depreciation is a process of
a) Allocation
b) Valuation
c) Both A and B
d) None of these
