Total amount of depreciation charged on long term assets is classified as______________?
Correct answer: A. Accumulated depreciation
- A. Accumulated depreciation
- B. Depleted depreciation
- C. Accumulated appreciation
- D. Accumulated appreciation schedule
Explanation
Accumulated depreciation is the total depreciation recorded against a long-term depreciable asset from the date it was placed in service. Appreciation means an increase in value, so it does not describe depreciation.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Business Finance
Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
Practise Business Finance
975 free Business Finance MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Business Finance questions
Values recorded as determined in marketplace are considered as_______________?
In situation of bankruptcy, stock which is recorded above common stock and below debt account is_____________?
Accounts payable, accruals and notes payable are listed on balance sheet as________?
In a statement of cash flows, a company investing in short-term financial investments and in fixed assets results in______________?
Future value of interest if it is calculated two times a year can be a classified as__________________?
rate which is divided by compounding periods to calculate periodic rate must be___________________?