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DP
Question Practice

Which of the following is a legal requirement regarding depreciation?

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

Which of the following is a le...

Single Answer MCQ
Q-00054261

Which of the following is a legal requirement regarding depreciation?

1

All assets should appreciate annually

2

Depreciation must be charged to avoid asset overvaluation

3

Assets should be maintained at historical cost

4

Depreciation is optional for small businesses

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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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