Complete the following sentence :

(i) Fixed Installment Method of depreciation is also known as _________ cost method.

(ii) _________ method of depreciation is recognised by Tax/Law.

(iii) __________ account is credited when incidental expenses paid on acquiring Assets.

(iv) Balance of depreciation A/c is transferred to _________ A/c at the end of financial year.

(v) Depreciation is ________ expenses.

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1 Answers

(i) Original

(ii) Written Down

(iii) Cash/Bank

(iv) profit and loss

(v) non cash

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