New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the limitation on the total amount of

    depreciation for an asset?
    A Depreciable value Correct Answer Incorrect Answer
    B Scrap value Correct Answer Incorrect Answer
    C Market value Correct Answer Incorrect Answer
    D Intrinsic Value Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The total depreciation over the period of use or simply accumulated depreciation cannot exceed the net book value of the asset or depreciable value.

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