Depreciation is charged on
A) Current asset
B) Fixed asset
C) Intangible asset
D) Current liability
Correct Answer:
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Q37: The amount of depreciation charged on a
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
Q43: Depreciation helps in determining
A)Accurate level of profit
B)Increases
Q44: The asset which is an exception from
Q45: Which of the following is true about
Q46: Annual depreciation of machine is 40000, cost
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