31.
A company purchased a vehicle for Rs.6000. It will be used for 5 years and its residual value is expected to be Rs.1000. What is the annual amount of depreciation using straight line method of depreciation?

32.
Which of the following is the normal balance of an accumulated depreciation account?

33.
How trial balance shows the accumulated depreciation?

34.
Which of the following is a double entry for deprecation expenses?

35.
An alternative term used for accumulated depreciation expenses?

Read More Section(Accounting)

Each Section contains maximum 70 questions. To get more questions visit other sections.