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1. What is depreciation ? 2. What is depletion ? Depreciation Accounting 187 3. What is obsolescence ? 4. What is “straight line method” of charging depreciation ? 5. What do you mean by “diminishing balance method” ? 6. Give the meaning of “Revaluation method” of depreciation. 7. What is “Annuity method” of depreciation ? 8. What is “Sinking fund ” method of depreciation ? 9. What is “Insurance policy method” of depreciation ? 10. Write a note on “ Machine hour method” of depreciation ? (