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Question Practice

Which of the following statements about depreciation is correct?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

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

Which of the following stateme...

Single Answer MCQ
Q-00054209

Which of the following statements about depreciation is correct?

1

Depreciation has no effect on tax calculations.

2

Depreciation is only calculated when an asset is sold.

3

Depreciation is a non-cash expense.

4

Depreciation increases the book value of an asset.

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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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