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DP
Question Practice

Which of the following is true about accumulated 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 true...

Single Answer MCQ
Q-00054299

Which of the following is true about accumulated depreciation?

1

It increases the book value of the asset

2

It is shown on the balance sheet as an asset

3

It is a contra asset account

4

It only affects income statements

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Q1.

What is depreciation?

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Q2.

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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