{"id":6957,"date":"2023-11-23T19:40:32","date_gmt":"2023-11-23T14:10:32","guid":{"rendered":"https:\/\/edunovations.com\/mcqs\/?p=6957"},"modified":"2023-11-23T19:42:34","modified_gmt":"2023-11-23T14:12:34","slug":"ncert-class-11-accountancy-mcq-5","status":"publish","type":"post","link":"https:\/\/edunovations.com\/mcqs\/ncert-class-11-accountancy-mcq-5\/","title":{"rendered":"NCERT Class 11 Accountancy\u00a0MCQ :\u00a0Depreciation Provisions and Reserves"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/mcqs\/ncert-class-11-accountancy-mcq-5\/#NCERT_Class_11_Accountancy_MCQ_Depreciation_Provisions_and_Reserves\" >NCERT Class 11 Accountancy&nbsp;MCQ :&nbsp;Depreciation Provisions and Reserves<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/mcqs\/ncert-class-11-accountancy-mcq-5\/#NCERT_Class_11_Accountancy_Depreciation_Provisions_and_Reserves_MCQ_%E2%80%93_NCERT_Class_11_MCQ\" >NCERT Class 11 Accountancy&nbsp;: Depreciation Provisions and Reserves MCQ &#8211; NCERT Class 11 MCQ<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/mcqs\/ncert-class-11-accountancy-mcq-5\/#Some_Important_Links\" >Some Important Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"NCERT_Class_11_Accountancy_MCQ_Depreciation_Provisions_and_Reserves\"><\/span>NCERT Class 11 <strong>Accountancy&nbsp;<\/strong>MCQ :&nbsp;Depreciation Provisions and Reserves<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Embark on a financial expedition through our MCQs page dedicated to &#8216;Depreciation, Provisions, and Reserves.&#8217; Curated from a diverse array of previous year papers, including esteemed sectors like UPSC IAS and more, this resource invites you to delve into the intricate world of financial management, exploring the critical concepts that contribute to the resilience and sustainability of businesses.<\/p>\n\n\n\n<p>These Multiple Choice Questions are meticulously crafted to challenge and enhance your understanding of depreciation methods, financial provisions, and the strategic use of reserves. Whether you&#8217;re a finance enthusiast or preparing for competitive exams, these questions offer a strategic approach to mastering the intricacies of these essential financial elements.<\/p>\n\n\n\n<p>Prepare confidently for exams with questions sourced from various sectors, ensuring a well-rounded grasp of the nuanced interactions between asset valuation, risk management, and financial sustainability. Each MCQ serves as a key to unlocking insights into the diverse aspects of financial resilience, mirroring the depth of knowledge required for success in competitive examinations.<\/p>\n\n\n\n<p>Immerse yourself in the financial wonders of depreciation, provisions, and reserves, confident in your ability to navigate through MCQs that mirror the intricacies of financial decision-making. Our resource, drawn from previous year papers, acts as a roadmap for exam success, offering both knowledge enrichment and strategic insights.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"NCERT_Class_11_Accountancy_Depreciation_Provisions_and_Reserves_MCQ_%E2%80%93_NCERT_Class_11_MCQ\"><\/span>NCERT Class 11 <strong><strong><strong>Accountancy&nbsp;<\/strong><\/strong><\/strong>: Depreciation Provisions and Reserves MCQ<strong> &#8211; NCERT Class 11 MCQ<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<style>\r\n    \/* Quiz container *\/\r\n    .quiz-container {\r\n        max-width: 800px;\r\n        margin: 0 auto;\r\n        padding: 20px;\r\n        box-sizing: border-box;\r\n        font-family: Arial, sans-serif;\r\n    }\r\n\r\n    \/* Question *\/\r\n    .question {\r\n        background-color: #f9f9f9;\r\n        padding: 20px;\r\n        border: 1px solid #ccc;\r\n        font-size: 20px;\r\n        margin-bottom: 20px;\r\n        border-radius: 5px;\r\n        box-shadow: 0 2px 4px rgba(0, 0, 0, 0.1);\r\n        position: relative;\r\n    }\r\n\r\n    \/* Question header *\/\r\n    .question h4 {\r\n        margin-bottom: 20px;\r\n    }\r\n\r\n    \/* Options list *\/\r\n    .options {\r\n        list-style-type: none;\r\n        padding: 0;\r\n    }\r\n\r\n    \/* Option item *\/\r\n    .options li {\r\n        margin: 10px;\r\n        padding: 10px;\r\n        display: flex;\r\n        align-items: center;\r\n        border-radius: 5px;\r\n        border: 2px solid #ccc;\r\n        box-shadow: 0 2px 4px rgba(0, 0, 0, 0.1);\r\n    }\r\n\r\n    \/* Option number *\/\r\n    .options li span {\r\n        margin-right: 10px;\r\n        width: 20px;\r\n        height: 20px;\r\n        border-radius: 50%;\r\n        border: 2px solid black;\r\n        display: flex;\r\n        justify-content: center;\r\n        align-items: center;\r\n        font-weight: bold;\r\n    }\r\n\r\n    \/* Option colors *\/\r\n    .options li span.option-a {\r\n        background-color: #FFD700; \/* Yellow *\/\r\n    }\r\n\r\n    .options li span.option-b {\r\n        background-color: #FF1493; \/* Pink *\/\r\n    }\r\n\r\n    .options li span.option-c {\r\n        background-color: #00BFFF; \/* Light Blue *\/\r\n    }\r\n\r\n    .options li span.option-d {\r\n        background-color: #7CFC00; \/* Green-Yellow *\/\r\n    }\r\n\r\n    .options li span.option-e {\r\n        background-color: #EE82EE; \/* Purple-Pink *\/\r\n    }\r\n\r\n    \/* Show answer button *\/\r\n    .show-answer {\r\n        background-color: #0066CC;\r\n        color: #fff;\r\n        border: none;\r\n        padding: 8px 20px;\r\n        font-size: 20px;\r\n        cursor: pointer;\r\n        border-radius: 3px;\r\n        text-align: center;\r\n        display: inline-block;\r\n        margin-bottom: 20px;\r\n    }\r\n\r\n    \/* Answer box *\/\r\n    .answer-box {\r\n        margin: 0 auto;\r\n        padding: 10px;\r\n        font-size: 20px;\r\n        color: #61970F;\r\n        box-sizing: border-box;\r\n        display: none;\r\n    }\r\n\r\n    \/* Question header *\/\r\n    .quiz-container .question-header {\r\n        color: darkblue;\r\n        font-weight: bold;\r\n        margin-right: 10px;\r\n    }\r\n\r\n    \/* Question header and text *\/\r\n    .quiz-container .question-header,\r\n    .quiz-container .question-text {\r\n        display: inline;\r\n        font-weight: bold;\r\n    }\r\n\r\n    \/* Responsive styles *\/\r\n    @media (max-width: 767px) {\r\n        .quiz-container {\r\n            padding: 10px;\r\n        }\r\n    }\r\n<\/style>\r\n<div class=\"quiz-container\">\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Which of the following methods of depreciation is not recognized by Income Tax Law?<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92250\">Straight line Method<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92250\"> None of these<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92250\">Both, Straight Line and Diminishing Balance Methods<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92250\"> Diminishing Balance Method<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"a\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Asset Disposal A\/c is prepared when :<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92251\"> Provision for Depreciation A\/c is prepared<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92251\">Asset A\/c is prepared<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92251\">Profit &amp; Loss A\/c is prepared<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92251\">Depreciation A\/c is prepared<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"a\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Which of the following is the example of Capital Reserve?<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92252\">Workmen\u2019s Compensation Fund<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92252\"> None of these<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92252\"> Premium Received on issue of shares or debentures<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92252\">General Reserve<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"c\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Which of the following is the example of Revenue Reserve?<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92254\">Profit on Redemption of Debentures<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92254\">Profit on Revaluation of Fixed<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92254\">Investment Fluctuation Fund<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92254\">Profit on Re-issue of forfeited shares<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"c\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Dividend Equalisation Reserve is :<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92257\"> Specific Reserve<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92257\"> None of these<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92257\">Secret Reserve<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92257\"> General Reserve<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"a\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">General Reserves are shown in :<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92259\">Revaluation Account<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92259\"> Profit and Loss Account<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92259\">None of these<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92259\">Balance Sheet<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"d\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">According to Companies Act, 1956 Secret Reserves can be created by:<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92261\">Only Private Company<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92261\">Banking and insurance companies<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92261\">Only Public Company<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92261\">Companies Registered under Companies Act<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"b\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">The loss on sale of an asset is debited to:<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92263\"> Profit and Loss Account<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92263\"> Trial Balance Cr. Side<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92263\">Balance Sheet<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92263\">Trading Account<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"a\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Depreciation is Charged on :<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92265\">Current Assets<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92265\">Fixed Tangible Assets<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92265\">None of these<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92265\"> Both Current and Fixed Assets<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"b\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">At the end of the year, Depreciation Account is transferred to :<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92267\"> Balance Sheet<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92267\">Trading Account<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92267\">Profit &amp; Loss Appropriation Account<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92267\">Profit &amp; Loss Account<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"d\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Provision is created by debiting :<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92270\">Profit and Loss Account<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92270\">None of these<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92270\">Profit and Loss Appropriation Account<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92270\"> Trading Account<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"a\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">The cause of Depreciation is :<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92271\">Wear and tear<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92271\"> Obsolescence<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92271\">All of these<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92271\">Usage of Asset<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"c\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Depreciation is a process of :<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92272\"> Allocation<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92272\"> Valuation<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92272\">None of these<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92272\">Depletion<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"a\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Under Reducing Balance Method, depreciation to be charged :<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92273\"> Scrap Value<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92273\">None of these<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92273\"> Real Value<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92273\">Original value<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"b\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">The depreciation charged on an asset will be credited to :<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92274\">Depreciation A\/c<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92274\">Asset A\/c<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92274\">Bank A\/c<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92274\">Cash A\/c<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"b\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Every fixed asset loses its value due to use or other reasons. This decline in the value of asset is known as<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92276\">Amortization<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92276\"> Provisions<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92276\">Depreciation<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92276\">Devaluation<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"c\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Following are the causes of Depreciation except<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92279\"> Wear and tear due to use or passage of time.<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92279\">normal factors<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92279\"> Expiration of legal rights.<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92279\">Obsolescence.<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"b\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Following are the causes of Depreciation except<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92282\">Natural resources<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92282\"> Fixed asset<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92282\">Liabilities<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92282\">Intangible assets<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"a\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">An alternative term used for accumulated depreciation expenses?<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92284\">Provision for depreciation<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92284\">Cumulative depreciation<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92284\">Targeted depreciation<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92284\">Depletion<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"a\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Depreciation charged under diminishing method<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_92287\"> Increase every year<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_92287\"> Decrease every year<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_92287\"> Increase in one year and decrease another year<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_92287\">Same every year<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"b\">Show Answer<\/button>\r\n    <\/div>\r\n  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target=\"_blank\" rel=\"noreferrer noopener\">NCERT CLASS 5 MCQ<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--6\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/mcqs\/category\/ncert\/class-6\/\" target=\"_blank\" rel=\"noreferrer noopener\">NCERT CLASS 6 MCQ<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--7\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/mcqs\/category\/ncert\/class-7\/\" target=\"_blank\" rel=\"noreferrer noopener\">NCERT CLASS 7 MCQ<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--8\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/mcqs\/category\/ncert\/class-8\/\">NCERT CLASS 8 MCQ<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline 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MCQ<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--12\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/mcqs\/category\/ncert\/class-12\/\">NCERT CLASS 12 MCQ<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/mcqs\/category\/ncert\/\" target=\"_blank\" rel=\"noreferrer noopener\">NCERT MCQs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/mcqs\/category\/subject-wise\/indian-history\/\" target=\"_blank\" rel=\"noreferrer noopener\">Indian History MCQs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/mcqs\/category\/subject-wise\/indian-polity\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Indian Polity MCQ<\/strong>s<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"Free-GK-MCQ-App\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.edunovations.quiz\" target=\"_blank\" rel=\"Free GK MCQ App noreferrer noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/mcqs\/wp-content\/uploads\/2023\/06\/Free-MCQ-App.jpg\" alt=\"Free GK MCQ App\" class=\"wp-image-743\" title=\"Free GK MCQ App\" srcset=\"https:\/\/edunovations.com\/mcqs\/wp-content\/uploads\/2023\/06\/Free-MCQ-App.jpg 900w, https:\/\/edunovations.com\/mcqs\/wp-content\/uploads\/2023\/06\/Free-MCQ-App-300x50.jpg 300w, https:\/\/edunovations.com\/mcqs\/wp-content\/uploads\/2023\/06\/Free-MCQ-App-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">Free GK MCQ App<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"Free-Daily-Current-Affairs-MCQ-App\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.edunovations.quiz\" target=\"_blank\" rel=\"Free Daily Current Affairs MCQ App noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/mcqs\/wp-content\/uploads\/2023\/06\/Banner-current-affairs-2.jpg\" alt=\"Free Daily Current Affairs MCQ App\" class=\"wp-image-744\" title=\"Free Daily Current Affairs MCQ App\" srcset=\"https:\/\/edunovations.com\/mcqs\/wp-content\/uploads\/2023\/06\/Banner-current-affairs-2.jpg 900w, https:\/\/edunovations.com\/mcqs\/wp-content\/uploads\/2023\/06\/Banner-current-affairs-2-300x50.jpg 300w, https:\/\/edunovations.com\/mcqs\/wp-content\/uploads\/2023\/06\/Banner-current-affairs-2-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">Free Daily Current Affairs MCQ App<\/figcaption><\/figure>\n\n\n\n<script async=\"\" 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[&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":6974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[70],"tags":[5163,5161,121,3592,91,589,5162,5160,5164,590],"class_list":["post-6957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-class-11","tag-asset-valuation","tag-depreciation","tag-exam-preparation","tag-financial-management","tag-mcqs","tag-previous-year-papers","tag-provisions-2","tag-reserves","tag-risk-management-concepts","tag-upsc-ias","entry","has-media"],"_links":{"self":[{"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/posts\/6957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/comments?post=6957"}],"version-history":[{"count":2,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/posts\/6957\/revisions"}],"predecessor-version":[{"id":6978,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/posts\/6957\/revisions\/6978"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/media\/6974"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/media?parent=6957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/categories?post=6957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/tags?post=6957"}],"curies":[{"name":"wp","href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