What is depreciation?

Correct! Wrong!

Under which depreciation method the amount of depreciation expenses remains same throughout the useful life of a fixed asset

Correct! Wrong!

What is the accumulated deprecation?

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Which of the following is the normal balance of an accumulated depreciation account?

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How trial balance shows the accumulated depreciation?

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Which of the following is a double entry for depreciation expenses?

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An alternative term used for accumulated depreciation expenses?

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Which of the following is/are a kind of depreciation expenses?

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In depreciation calculation, the useful life of a fixed asset is:

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Depreciable amount + Residual value of a fixed asset =?

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Cost of a fixed asset – Accumulated depreciation expenses of the fixed asset=?

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The estimate about useful life of a fixed asset:

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The purchase price of a software that will be used for more than 12 months should be regarded as:

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PAK- firm has imported a machine from abroad. Which of the following is NOT the element of machine’s cost?

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Which of the following fixed assets is not depreciated in the ordinary circumstances?

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In the calculation of depreciation, all of the following items are actually estimates except:

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Which of the following accounting concepts or principles require the calculation of depreciation of the fixed assets?

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Under which method of depreciation the amount of depreciation expenses remains constant throughout the useful life of a fixed asset

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An increase in the value of fixed asset is referred to as:

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The term ______ is generally used for the depreciation of natural resources

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