Fill in the blanks with suitable words
- Depreciation is a term used to denote decrease in the book value of _______.
- Depreciation is a permanent ________ in the book value of an asset.
- “Depletion” refers to _______ deterioration by exhaustion of natural resources.
- The term “Amortization” refers to _______ deterioration of intangible assets.
- Book value (as on date of sale) = original cost _______.
- Under Straight Line Method, the book value of the asset becomes _______ or to its _______ value at the end of its useful life.
- Under Written down Value Method, the rate of depreciation remains ________ year after year, whereas the amount of depreciation goes on ________.
- Under Written down Value Method, depreciation is charged at a fixed percentage on ________ in the first year and on ________ in subsequent years.
- Under Straight Line Method depreciation remains _______.
- Depreciation Fund Account shall appear on _______ side of Balance Sheet.
- Depreciation Redemption Fund Investment Account shall appear on the ________ side of the Balance Sheet.
- Revenue Reserves are created out of ________ available for distribution by way of dividend.
- Provision is a _______ against profit.
- Reserve is an_______ out of profit.
- The amount of depreciation remains constant year after year under _______.