Match the items given in List-A with the items given in List-B and check your answer: List-A List-B a. Leasehold asset 1. Depletion b. Oil wells 2. Amortisation c. Loose Tools 3. Fluctuation d. Stock 4. Revaluation

The correct answer is: A. a-2, b-1, c-4, d-3

Leasehold assets are amortized over the lease term. Oil wells are depleted over the estimated productive life of the well. Loose tools are not amortized or depleted, but are instead expensed when they are purchased. Stock is not amortized or depleted, but is instead valued at the lower of cost or market value.

Here is a brief explanation of each option:

• Option A: a-2, b-1, c-4, d-3. This is the correct answer. Leasehold assets are amortized over the lease term. Oil wells are depleted over the estimated productive life of the well. Loose tools are not amortized or depleted, but are instead expensed when they are purchased. Stock is not amortized or depleted, but is instead valued at the lower of cost or market value.
• Option B: a-1, b-2, c-4, d-3. This is incorrect. Loose tools are not amortized or depleted, but are instead expensed when they are purchased.
• Option C: a-3, b-1, c-2, d-4. This is incorrect. Loose tools are not amortized or depleted, but are instead expensed when they are purchased.
• Option D: a-1, b-4, c-2, d-3. This is incorrect. Loose tools are not amortized or depleted, but are instead expensed when they are purchased.