Depreciation is charged on - (a) Only Tangible Assets (b) Only Intangible Assets

Depreciation is charged on 

(a) Only Tangible Assets 

(b) Only Intangible Assets 

(c) Both Tangible and Intangible Assets 

(d) Only Current Assets 

(a) Only Tangible Assets 

Explanation:

Depreciation is charged on Only Tangible Assets or Fixed Assets.Examples of Tangible fixed Assets are- 

• business premises, 
• equipment, 
• inventory and 
• machinery.

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CBSE Class 10 Elements Of Book Keeping And Accountancy Sample Paper-2022