depreciation: Choose the odd one out in each of the following

1.- Fixes assets could include:
a) Buildings
b )Plant and the machinery
c) The firms delivey vans
d ) Fuel or vans ******

2.- Depreciation due to physical deterioration of an asset may include
a Wear and tear
b Theft******
c Erosion
d Rot


3.- Machinery becomes obsolete due to:
a) New technology
b ) Consumption****
c ) Changes in production methods
d) Change in fashion

4.- Amortization is the provision for consumption of the following items:
a ) Mortgages****
b )Leases
c) Patents
d ) Copyright

5.- A provision for depletion would be used for the following items:
a) Mines
b ) Buildings*******
c ) Quarries
d ) Oil wells

6.- The following are methods of depreciation:
a) Straight line
b) Reducing balance
c )The sum of the year´s digits
d) Market value*********

7 .- A machine could be disposed of by being
a) Scrapped
b ) Resold
c )Revalued *****
d) Trade in

8 .-The accounts which would record the sale or disposal of a machine are:
a) Machinery account
b) Sales account ****
c) Machinery disposal account
d) Provision for depreciation ( machinery) account


REFLECTION:
In this activity I learn more words and how to use about accounting.

SOURCE:
professional english .. accounting. alison pohl page45