The interest lost on the acquisition of an asset is taken into account in calculating depreciation in:
A) Depletion Method
B) Annuity Method
C) Diminishing Balance Method
D) none
Correct Answer:
Verified
Q1: Depreciation is the process of:
A)Apportionment of the
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,
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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