An alternative term used for accumulated depreciation expenses? Options: A . &nbspProvision for depreciation B . &nbspCumulative depreciation C . &nbspTargeted depreciation D . &nbspDepletion

An alternative term used for accumulated depreciation expenses?

Question

An alternative term used for accumulated depreciation expenses?

Options:

A . Provision for depreciation

B . Cumulative depreciation

C . Targeted depreciation

D . Depletion

Answer: Option A
:
A
An alternative term used for accumulated depreciation expenses is provision for depreciation.

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Question 1. At the balance sheet date, the balance in the Accumulated Depreciation Account is:....

Question 2. When accumulated depreciation is transferred to asset disposal account, Which of the following is correct?....

Question 3. In which method, depreciation is constant every year and in which method it is higher in the beginning years when compar....higher in the beginning years when compared to later years.

Question 4. A vehicle acquired for Rs60,000 on 1st September 2005 and depreciated at 20% on WDV was sold for Rs4,000 on 31st March 2....was Rs200.. What is the gain or loss on disposal?

Question 5. A piece of machinery worth 4,00,000 is charged depreciation (Straight line method) at 10%. Which account shall be credit....credited for recording depreciation when accumulated depreciation account is maintained

Question 6. A machine acquired for Rs360,000 on 1st April 2006 and depreciated at 10% on WDV was sold for Rs300000 on 31th March 200....loss on disposal of the machine to be reported in?

Question 7. Annual depreciation of machine is 40000, cost of machine is 500000, rate of depreciation according to straight-line meth....500000, rate of depreciation according to straight-line method will be-

Question 8. A piece of machinery worth 1,00,000 is charged depreciation (Straight line method) at 10%. In the journal entry for tran....depreciaton to income statement, which account shall be credited ?

Question 9. A machine with a cost of Rs 100000 & accumulated depreciation of Rs 80,000 & was sold at a loss of Rs 6000. Bank....of Rs 6000. Bank account shall have been debited by ___

Question 10. In which method, the depreciation is constant and in which method, the depreciation is higher in initial years when comp....is higher in initial years when compared to later years?

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