A. Straight-line method
B. Written down value method
C. Units-of-production method
D. Sum-of-the years‘-digits method
Correct Answer: Straight-line method ✔
Last Updated: August 10, 2017
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Which of the following statements is true with regard to written down value method of depreciation?
i. The rate at which the asset is written off reduces year after year
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iv. The value of the asset gets reduced to zero over a period of time - The portion of the acquisition cost of the asset yet to be allocated is known as__________?
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- The main objective of providing depreciation is to?
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- Provision is created for__________?
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- Benefits of preparing Bank Reconciliation Statement includes__________?
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- Difference in Bank Balance as per Pass Book and Cash Book may arise on account of__________?
- Debit side of Bank Pass book corresponds to__________?
- Credit balance as per Cash Book mean__________?
- Which of these items are taken into consideration for preparation of adjusted Cash Book
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- Which of the following is a Nominal A/c ?
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