i. Decrease in the value of fixed assets is known as ________ (a) Depreciation (b) Appreciation  (c) Combination  (d) None of these

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

i. Decrease in the value of fixed assets is known as ________

(a) Depreciation

(b) Appreciation 

(c) Combination 

(d) None of these

ii. Depreciation is charged only on ________ assets. 

(a) Fixed 

(b) Current 

(c) Non-performing 

(d) Fictitious

iii. The amount spent on installation of new machinery is a ________ expenditure.

(a) Revenue 

(b) Capital 

(c) Deferred Revenue 

(d) Income

iv. The amount that a fixed asset is expected to realise on its disposal is known as ________ 

(a) Book value 

(b) Scrap value 

(c) Market value 

(d) Original value

v. The amount of depreciation reduces year after year under ___________ 

(a) Fixed Instalment Method 

(b) Written Down Value Method 

(c) Depreciation Fund Method 

(d) Revaluation Method