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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

For which of the following assets, the depletion method is adopted for writing off cost of the asset? - Accountancy

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Question

For which of the following assets, the depletion method is adopted for writing off cost of the asset?

Options

  • Plant and machinery

  • Mines and quarries

  • Buildings

  • Trademark

MCQ

Solution

Mines and quarries

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Methods of Depreciation
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Chapter 10: Depreciation Accounting - Multiple choice questions [Page 223]

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Samacheer Kalvi Accountancy [English] Class 11 TN Board
Chapter 10 Depreciation Accounting
Multiple choice questions | Q I 5. | Page 223

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