Which of the following statements is true with regard to written down value method of depreciation??

Accounting Mcqs
BILAL KHATTAK0

i. The rate at which the asset is written off reduces year after year ii. The amount of depreciation provided reduces from year to year iii. The rate of depreciation as well as the amount of depreciation reduce year after year iv. The value of the asset gets reduced to zero over a period of time A. Only (i) above 
B. Only (ii) above 
C. Both (i) and (ii) above
D. (i),(ii) and (iii) above

Related Mcqs:

  1. Which of the following is true with respect to providing depreciation under diminishing balance method??
  2. Which of the following statements is correct about Depreciation??
  3. When the declining-balance method is used
  4. Which of the following statements best describes the purpose of depreciation??
  5. Under the direct write-off method of recognizing a bad debt expense. Which of the following statements is/are true??
  6. Direction of feed water is done because
  7. Which of the following is not a method of charging depreciation??
  8. The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is_________??
  9. Will he have written a letter?
  10. A second hand car is purchased for 2,00,000 and sold at 1,40,000 after two years. If depreciation is charged @ 10% on written down value method, find the profit or loss on sale of the Second hand car??

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