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DP
Question Practice

When is the provision for depreciation used?

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MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Depreciation, Provisions and Reserves
Question Bank

When is the provision for depr...

Single Answer MCQ
Q-00054320

When is the provision for depreciation used?

1

Only when an asset is purchased

2

When calculating profit on sale

3

During asset disposal accounting

4

When an asset is fully depreciated

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Q1.

What is depreciation?

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Which method calculates depreciation as a fixed percentage of the book value each year?

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Q3.

What factor does NOT affect the calculation of depreciation?

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Q4.

What is the salvage value in relation to depreciation?

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