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प्रश्न
Distinguish between depreciation and capital loss.
उत्तर
| Depreciation | Capital loss | |
| 1. | It refers to the fall in the value of fixed assets due to normal wear and tear & accidental damages and expected obsolescence. | It refers to the fall in the value of fixed assets due to natural calamities and economic recession. |
| 2. | It is managed through a depreciation reserve fund. | It is managed through the insurance of fixed assets. |
APPEARS IN
संबंधित प्रश्न
Depreciation of fixed capital assets refers to :
(a) Normal wear and tear
(b) Foreseen obsolescence
(c) Normal wear and tear and foreseen obsolescence
(d) Unforeseen obsolescence.
Explain the effect of depreciation of domestic currency on exports.
Which account is credited when depreciation is charged on the asset?
Answer in One Sentence only:
What is depreciation?
Write the word/term/phrase which can substitute the following statement:
A continuous, gradual and permanent reduction in the value of a fixed asset.
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
Decrease in the value of fixed assets is known as ______
Do you agree or disagree with the following statement:
Depreciation is non-cash expense.
Complete the following sentence:
Depreciation is derived from a Latin word ______.
What is meant by depreciation?
Depreciation expenses are included in:
What is the consumption of fixed capital called?
Correct the following statement and rewrite the statement.
Depreciation is calculated on all assets.
Correct the following statement and rewrite the statement.
Profit on sale of the asset is credited to an asset account.
