Question Text
Question 4 :
The number of production of similar units expected to be obtained from the use of an asset by an enterprise is called as ______.
Question 6 :
Allocation of the cost of a fixed assets over its useful life is called ___________.
Question 7 :
Match the followings:<table class="wysiwyg-table"><tbody><tr><td>List I</td><td>List II</td></tr><tr><td>A. Amortization</td><td>1. Diminution in the life of the asset due to excessive use</td></tr><tr><td>B. Depreciation</td><td>2. Exhaustion of natural resources</td></tr><tr><td>C. Depletion</td><td>3. Expiration of tangible assets</td></tr><tr><td>D. Obsolescence</td><td>4. Expiration of intangible assets</td></tr><tr><td></td><td>5. Economic deterioration due to improved inventions</td></tr></tbody></table>
Question 11 :
Which of these are included in building for the purpose of rates of depreciation?
Question 12 :
Which of the following assets are NOT required to be depreciated?