![]() The amount on which depreciation is calculated falls year to year.Ĭ. The rate of depreciation falls year to yearī. Diminishing Value Method means a method by whichĪ. ![]() MCQ Questions Answers for Chapter 7 Depreciation Provisions and Reserves Class 11 Accountancy Please refer to the following Chapter 7 Depreciation Provisions and Reserves MCQ Questions Class 11 Accountancy with solutions for all important topics in the chapter. Chapter 7 Depreciation Provisions and Reserves MCQ Questions Depreciation allowances are made in respect of capital expenditure incurred on the provision of machinery or plant. Students should learn the objective based questions for Chapter 7 Depreciation Provisions and Reserves in Class 11 Accountancy provided below to get more marks in exams. by virtue of section 12(1)(b), all employees are entitled to depreciation allowances where the use of plant or machinery is essential to the production of assessable income. ![]() We have provided MCQ Questions for Class 11 Accountancy for all chapters on our website. These multiple-choice questions have been developed based on the latest NCERT book for class 11 Accountancy issued for the current academic year. ![]() Please refer to MCQ Questions Chapter 7 Depreciation Provisions and Reserves Class 11 Accountancy with answers provided below.
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