Complete the following sentences:i. Depreciation is charged on ______

1.	Complete the following sentences:i. Depreciation is charged on _________ asset.ii. Wages paid for Installation/fixation of Machinery is debited to ______ account.iii. Under _____________ system, the amount of depreciation changes every year.iv. Depreciation = \(\frac{Costo\,of\,AssetLess......}{Estimated\,Working\,Life\,of\,Asset}\)v. Gradual and permanent decrease in the value of asset is known as __________vi. In Fixed Instalment System the amount of depreciation is _____________ every year.vii. The amount spent on installation of Machinery is a _____________ expenditure.viii. _____________ is the value which an asset realises at the end of its useful life.ix. Depreciation Account is a _____________ account.x. Depreciation is derived from a Latin word _____________
Answer» i. Fixed ii. Machinery iii. Diminishing Balance iv. Scrap value v. Depreciation vi. Constant vii. Capital viii. Scrap value ix. Nominal x. Depretium

Complete the following sentences:i. Depreciation is charged on _ asset.ii. Wages paid for Installation/fixation of Machinery is debited to account.iii. Under _ system, the amount of depreciation changes every year.iv. Depreciation = \(\frac{Costo\,of\,AssetLess......}{Estimated\,Working\,Life\,of\,Asset}\)v. Gradual and permanent decrease in the value of asset is known as vi. In Fixed Instalment System the amount of depreciation is ___ every year.vii. The amount spent on installation of Machinery is a _ expenditure.viii. _ is the value which an asset realises at the end of its useful life.ix. Depreciation Account is a _ account.x. Depreciation is derived from a Latin word _______

Answer»

i. Fixed

ii. Machinery

iii. Diminishing Balance

iv. Scrap value

v. Depreciation

vi. Constant

vii. Capital

viii. Scrap value

ix. Nominal

x. Depretium

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