
Depreciation

Assessment
•

Gudang Garment
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Business
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9th Grade
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25 plays
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Hard
Student preview

21 questions
Show answers
1.
Multiple Choice
How depreciation affect business?
Non-current asset decrease
Depreciation expense
Non-current asset increase
Depreciation expense
2.
Multiple Choice
How depreciation and provision of depreciation differs?
Depreciation expense is in income statement while Provision for depreciation is statement of financial position
Depreciation expense is in statement of financial position while Provision for depreciation is income statement
3.
Multiple Choice
How depreciation and provision of depreciation differs?
depreciation is only for current year while provision for depreciation is depreciation from the beginning until the current (accumulated/total)
provision for depreciation is only for current year while depreciation is from the beginning until the current (accumulated)
4.
Multiple Choice
What is net book value?
Non-current asset - Depreciation
Non-current asset - Provision for depreciation
5.
Multiple Choice
What is net book value?
the worth of the non-current asset as it has been depreciated
Approximate value of Non-current asset by the ower
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