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Do you agree or disagree with the following statement: The rate of depreciation depends upon the life of fixed asset. - Book Keeping and Accountancy

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Question

Do you agree or disagree with the following statement:

The rate of depreciation depends upon the life of fixed asset.

Options

  • Agree

  • Disagree

MCQ
True or False

Solution

The rate of depreciation depends upon the life of fixed asset. - Agree

shaalaa.com
Methods of Depreciation
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Chapter 7: Depreciation - Exercises [Page 243]

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Solution:


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Prepare Printing Machine Account for the first four years.


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Show Motor Car Account for first four years, assuming that the books of accounts are closed on 31st March every year.


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