Depreciation
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depreciation MCQs quiz
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Question 1 of 8
1. Question
The main object of providing depreciation is
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Your answer is incorrect. The correct answer is “To calculate net profit” (option 1).

Question 2 of 8
2. Question
Depreciation arises because of
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Your answer is incorrect. The correct answer is “wear and tear” (option 1).

Question 3 of 8
3. Question
Depreciation is a process of
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Your answer is incorrect. The correct answer is “Valuation” (option 2).

Question 4 of 8
4. Question
Under the straight line method of providing depreciation it
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Your answer is incorrect. The correct answer is “Remain constant every year” (option 3).

Question 5 of 8
5. Question
Depreciation to machinery debited to
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Your answer is incorrect. The correct answer is “Depreciation a/c” (option 3).

Question 6 of 8
6. Question
Total amount of depreciation of an asset cannot exceed its
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Your answer is incorrect. The correct answer is “Depreciation Value” (option 3).

Question 7 of 8
7. Question
Depreciation is necessary to calculate
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Your answer is incorrect. The correct answer is “Net profit” (option 1).

Question 8 of 8
8. Question
Depreciation of plant will be written on the
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Your answer is incorrect. The correct answer is “profit and loss a/c” (option 1).
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