Question

Match List-I with List-II and select the correct answer using the codes given the lists.

List-I	List-II
I. Amortisation	(a) Diminition in the life of the assets due to excessive use
II. Depreciation	(b) Exhaustion of natural resource
III. Depletion	(c) Expiration of tangible assets
IV. Obsolescence	(d) Expiration of intangible assets
	(e) Economic deterioration due to improved inventions

• A. I-(a), II-(b), III-(c), IV-(d)
• B. I-(a), II-(b), III-(d), IV-(e)
• C. I-(e), II-(b), III-(c), IV-(d)
• D. I-(d), II-(c), III-(b), IV-(e)

Answer 1

Answer: (D)

I-(d), II-(c), III-(b), IV-(e)

1. Amortization is used for expiration of intangible assets.

2. Depreciation is used for expiration of tangible assets.

3. Depletion allocates the cost of associated with using an assets , in case reduction of a natural resources.

4. Obsolescence means economic deterioration due to improved invention i.e older version has passed and a new version was already on the market. So, here the D option is right answer.

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