A. Building
B. Land
C. Plant and Machinery
D. Office equipment
Correct Answer: Land ✔
Last Updated: August 10, 2017
Related MCQs
- Which of the following is an external cause of depreciation?
- Depreciation is calculated on the__________?
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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
ii. The amount of depreciation provided reduces from year to year
iii. The rate of depreciation as well as the amount of depreciation reduce year after year
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__________?
- Depreciation is a process of__________?
- The main objective of providing depreciation is to?
- Which of the following statements best describes the purpose of depreciation?
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- A second hand car is purchased for 2,00,000 and sold at 1,40,000 after two years. If depreciation is charged @ 10% on written down value method, find the profit or loss on sale of the Second hand car?
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- Provision is created for__________?
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- Debit balance as per bank pass book mean__________?
- Benefits of preparing Bank Reconciliation Statement includes__________?
- Bank reconciliation statement is a part of_________?
- Bank reconciliation is a statement prepared to reconcile__________?
- The Bank Reconciliation Statement is prepared?
- Difference in Bank Balance as per Pass Book and Cash Book may arise on account of__________?
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- 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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- The periodic total of purchase day book is posted to__________?
- The periodic total of sales day book is posted to__________?
- Which of these is not a special purpose journal?
- A book wherein various accounts are opened is called__________?
- Posting is the process of__________?
- Goodwill A/c is a/an__________?
- Which of the following is a Nominal A/c ?
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