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प्रश्न
Fixed assets lose part of their value every year due to wear and tear with passage of time, such reduction is called ______ on fixed assets.
विकल्प
depreciation
deduction
production
none of these
उत्तर
Fixed assets lose part of their value every year due to wear and tear with passage of time, such reduction is called depreciation on fixed assets.
Explanation:
Fixed assets lose part of their value every year due to wear and tear and even with passage of time. Such reduction in value is called depreciation and it is treated as a revenue expense.
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संबंधित प्रश्न
An expenditure is Revenue expenditure if ______.
An expenditure benefiting the current year is ______ expenditure.
Classify the following:
Cost of goods purchased for resale.
Any expenditure intended to benefit the current period is revenue expenditure.
State with reason whether the following is Capital or Revenue Expenditure:
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State whether the following expense is Capital or Revenue.
Excise duty paid to the Government.
State whether the following expense is Capital or Revenue.
Purchase of postage and stationery.
Classify the following:
Interest paid on a loan.
Which of the following are Capital Expenditure, Revenue Expenditure and Deferred Revenue Expenditure?
Depreciation on fixed assets.
Classify the following into capital expenditure and revenue expenditure.
Repairs of office furniture.
