Which of the following is an external cause of depreciation?

✅ C. Historical cost “ Depreciation portion thereof

Option A : Replacement cost “ Accumulated Depreciation Option B : Historical cost “ Salvage Value Option C : Historical cost “ Depreciation portion thereof Option D : Original cost adjusted for general price-level changes Correct Answer : Historical cost “ Depreciation portion thereof Read more

✅ C. Interest on FDs

Option A : Income from sale of trading goods Option B : Bad debts recovered Option C : Interest on FDs Option D : None Correct Answer : Interest on FDs Read more

✅ C. estimation of selling price

Option A : estimation of profit. Option B : estimation of cost. Option C : estimation of selling price Option D : estimation of units. Correct Answer : estimation of selling price Read more

✅ D. Amount to be paid in foreign currency

Option A : Unconditional Option B : Certainty of amount Option C : In writing Option D : Amount to be paid in foreign currency Correct Answer : Amount to be paid in foreign currency Read more

✅ B. $500 will be credited

Option A : $500 will be debited Option B : $500 will be credited Option C : Non-adjustable Option D : $1000 will be subtracted Correct Answer : $500 will be credited Read more

✅ C. The amount of depreciation decreases while the rate of depreciation remains the same

Option A : The amount of depreciation keeps increasing every year while the rate of depreciation keeps decreasing Option B : The amount of depreciation and the rate of depreciation decrease every year Option C : The amount of depreciation decreases while the rate of depreciation remains the same Option D : The amount of depreciation and the rate of… Read more

✅ A. Passage of time, asset usage, and obsolescence

Option A : Passage of time, asset usage, and obsolescence Option B : Tax regulations and SEBI guidelines Option C : Tax regulations and asset usage Option D : SEBI guidelines and Asset usage Correct Answer : Passage of time, asset usage, and obsolescence Read more

✅ C. Cash column

Option A : Bank column Option B : Discount column Option C : Cash column Option D : None Correct Answer : Cash column Read more