Depreciation is the process of:
A) Apportionment of the cost of the asset over its useful life
B) Valuation of assets
C) Maintenance of asset in a state of efficiency
D) none
Correct Answer:
Verified
Q2: The profit on depreciation policy is transferred
Q3: In case of Annuity Method, the amount
Q4: For providing depreciation on leasehold property, the
Q5: Depletion Method of depreciation is used in:
A)Cattle,
Q6: The interest lost on the acquisition of
Q7: In this method depreciation is charged on
Q8: AS 6 revised is an accounting standard
Q9: These reserves are created out of revenue
Q10: These are the reserves created only to
Q11: These reserves are created out of capital
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