Question : What is the syntax for calculating depreciation on written down value method ?
Option 1: =DB ( Cost,Salvage,life,1)
Option 2: = FB (Cost,25,1)
Option 3: =PFB (Cost,Salvage,life)
Option 4: None of above
Correct Answer: =DB ( Cost,Salvage,life,1)
Solution : The correct formula is -
=DB ( Cost,Salvage,life,1)
Hence the correct answer is option 1.
Question : Several methods are used to calculate depreciation of fixed assets of business. What are they?
Question : If the Balance Sheet does not have an item of Provision for Depreciation or Accumulated Depreciation, it means that fixed assets are shown in the Balance Sheet at their--------------.
Question : When the Balance Sheet has an item of Provision for Depreciation or Accumulated Depreciation for both years, it means that the fixed assets are shown in the Balance Sheet at their-------------.
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