i. The amount of depreciation remains constant every year under ________ (a) Straight Line Method (b) Diminishing Balance Method

Question

Select the most appropriate answers from the alternatives given below and rewrite the sentence:

i. The amount of depreciation remains constant every year under ________ 

(a) Straight Line Method 

(b) Diminishing Balance Method 

(c) Revaluation Method 

(d) Insurance Policy Method

ii. The balance of depreciation account is transferred to _________ 

(a) Manufacturing A/c 

(b) Trading A/c 

(c) Profit & Loss A/c 

(d) Balance sheet

Answer 1

i. (a) Straight Line Method

ii. (c) Profit and Loss A/c