The main objective of providing depreciation is
A) To calculate true profit
B) to show the true financial position
C) to reduce tax burden
D) to provide fund for replacement of assets.
Correct Answer:
Verified
Q12: Which of the following is a current
Q13: In the case of net worth method
Q14: Capital at the beginning of the year
Q15: The amount of opening stock can be
Q16: The closing balance in the creditors account
Q17: the depreciation charged on an asset is
Q18: in case of straight line method, the
Q19: amortization is related to
A)Tangible fixed asset
B)intangible assets
C)any
Q20: Depletion method is more suitable for
A)Service industry
B)mining
Q22: Under diminishing balance method, depreciation is calculated
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