Which of the following are depreciable assets

Cash

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Building

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Prepaid expenses

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Debtors

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Solution

The correct option is B
Building

Only fixed assets are considered to be depreciable assets. Therefore buildings is the only depreciable asset.

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Similar questions

	₹		₹
Trade Receivable (Sundry Debtors)	1,80,000	Bills Payable	20,000
Prepaid Expenses	40,000	Sundry Creditors	1,00,000
Cash and Cash Equivalents	50,000	Debentures	4,00,000
Marketable Securities	50,000	Inventories	80,000
Land and Building	5,00,000	Expenses Payable	80,000

Depreciation expenses are _________ to net profit while calculating cash flow from operating activities.

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