The amount of depreciation charged on a machinery will be debited to:
A) Machinery Account
B) Depreciation Account
C) Cash Account
D) Repair Account
Correct Answer:
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Q32: A machine is purchased at a cost
Q33: Depreciation of loose tools is provided by
A)Replacement
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Q35: Human resource accounting attempts to place a
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Q38: Loss on sale of machinery will be:
A)Debited
Q39: Which of the term is used to
Q40: Reduction in the book value of an
Q41: Which among the following is not a
Q42: Depreciation is charged on
A)Current asset
B)Fixed asset
C)Intangible asset
D)Current
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