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Accounting-Mcqs

Under which depreciation method, amount of depreciation expenses remains same throughtout life of asset?

Straight line method Reducing balance method Number of units produced method Machine hours method

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Accounting Mcqs

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This Chapter Accounting-Mcqs consists of the following topics

What is depreciation?

Under which depreciation method, amount of depreciation expenses remains same throughtout life of asset?

A company purchased a vehicle for Rs.6000. It will be used for 5 years and its residual value is expected to be Rs.1000. What is the annual amount of depreciation using straight line method of depreciation?

Under which depreciation method

the amount of depreciation expenses remains same throughtout the life of the asset?

Accounting Mcqs

Accounting