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--------------.

Option 1: Written down value

Option 2: Original cost

Option 3: Both 1 and 2

Option 4: None of the above

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-------------.

Option 1: Written down value

Option 2: Original cost

Option 3: Both A and B

Option 4: None of the above

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-------------.

Option 1: Written down value

Option 2: Original cost

Option 3: Both A and B

Option 4: None of the above

Question : Which of the following statements is correct?

Option 1: While preparing Common-size Balance Sheet, each item of Balance Sheet is expressed as % of Non-current Assets.

Option 2: While preparing Common-size Balance Sheet, each item of Balance Sheet is expressed as % of Current Assets.

Option 3: While preparing Common-size Balance Sheet, each item of Balance Sheet is expressed as % of Total Assets.

Option 4: While preparing Common-size Balance Sheet, each item of Balance Sheet is expressed as % of Non-current liabilities.

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