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MCQ Chapter 7 Accountancy Class 11 Maharashtra Board

Depreciation

1. What is the formula for calculating depreciation under Straight Line Method?

Question 1 of 20

2. Under WDV method, depreciation is calculated on

Question 2 of 20

3. When a machine is sold, which account is debited to record the sale price?

Question 3 of 20

4. Depreciation due to affluxion of time occurs even if the asset is

Question 4 of 20

5. Natural calamities cause depreciation by

Question 5 of 20

6. Obsolescence refers to reduction in value due to

Question 6 of 20

7. Which of the following is NOT a method of depreciation mentioned in the syllabus?

Question 7 of 20

8. Under Straight Line Method, book value of asset can become

Question 8 of 20

9. Depreciation is charged in the books by which journal entry?

Question 9 of 20

10. The estimated value of an asset at the end of its life is known as

Question 10 of 20

11. The cost of an asset includes

Question 11 of 20

12. Written Down Value method is suitable when

Question 12 of 20

13. In Straight Line Method, which of the following remains constant?

Question 13 of 20

14. The balance in the depreciation account is transferred to

Question 14 of 20

15. Which curve best represents WDV method of depreciation on a graph?

Question 15 of 20

16. Depreciation helps in

Question 16 of 20

17. In WDV method, the value of the asset

Question 17 of 20

18. Which is not a factor to consider while charging depreciation?

Question 18 of 20

19. The reduction in asset value due to depletion is common in

Question 19 of 20

20. The cost of repairs on second-hand assets is

Question 20 of 20


 

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