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CBSE
Class 11 Accountancy
Depreciation, Provisions And Reserves
Quiz 2
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What is depreciation?
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Cost of using a fixed asset
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The value of asset
0%
Portion of a fixed assets cost consumed during the current accounting
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Cost of fixed asset’s repair
Explanation
Cost of using a fixed asset
Depreciation helps in determining
0%
Accurate level of profit
0%
Increases the value of asset
0%
Revenue generation
0%
Increase the burden of tax
Explanation
Accurate level of profit
What is the rate of charging depreciation under diminishing method?
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12% p. a.
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15% p. a.
0%
10% p. a.
0%
Not fixed
Explanation
Not fixed
Under which depreciation method the amount of depreciation expenses remains same throughout the useful life of a fixed asset
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Straight line method
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Reducing balance method
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Number of units produced method
0%
Machine hours method
Explanation
Straight line method
0 h : 0 m : 1 s
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