71. 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?
72. Which of the following is the normal balance of an accumulated depreciation account?
73. How trial balance shows the accumulated depreciation?
74. Which of the following is a double entry for deprecation expenses?
75. An alternative term used for accumulated depreciation expenses?
76. Which of the following is/are kind of depreciation expenses?
77. In depreciation calculation, the useful life of a fixed asset is:
78. Depreciable amount + Residual value of a fixed asset = ?
79. Cost of a fixed asset - Accumulated depreciation expenses of the fixed asset = ?
80. The purchase price of a software that will be used for more than 12 months should be regarded as
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- Accounting - Section 1
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