Related Questions

Rashna Company collected the following data in its accounting records in 2014 : From the income statement : Depreciation expense Tk. 1,000 Loss on sale of equipment 3,000 From the comparative balance sheet : Beginning balance , equipment Tk. 12,500 Ending balance , equipment 8,000 Beginning balance , accumulated depreciation 2,000 Ending balance , accumulated depreciation 2,400 No new equipment was purchased during the year. The equipment was sold at the end of the year. What was the cash in -flow from the sale of equipment in 2014?
A Tk, 3,900
B Tk. 1,000
C Tk. 900
D Tk. 600
A Machine Costs Tk 5,00,00 with expected life of 10 years At 10% Diminishing Balance Method what will be its depreciation value at year three (3)?
A TA. 5000
B TA. 35,000
C TA. 40,500
D TA. 50,000
A Machine Costs TK. 5,00,000 with expected life of 10 Years. At 10% Diminishing Balance Method what will be its depreciation value at Year three (3)?
A TA. 5000
B TA. 35,000
C TA. 40,500
D TA. 50,000
__________ method of depreciation calculation ensures that the interest is charged on the cost of machine asset every year on the book value, but the rate of depreciation remains constant every year.
A Annuity charging
B Atraight line
C Ainking fund
D None of these
In what method of computing depreciation where it assumes that the annual cost of depreciation is a fixed percentage of the book value at the beginning of the year?
A Straight line method
B Sinking fund method
C Sum-of-year digit method
D Declining balance method
If the result obtained by multiplying a number, X, by a number 1 less itself is 4 less than multiplying x by itsell then x=?
A 2
B 3
C 4
D 5
Annual depreciation costs are constant, when the __________ method of depreciation calculation is used.
A Declining balance
B Straight line
C Sum of the years digit
D None of these
Annual depreciation cost are not constant when, the __________ method of depreciation calculation is used.
A Straight line
B Sinking fund
C Present worth
D Declining balance
In declining balance method of depreciation calculation, the
A Value of the asset decreases linearly with time
B Annual cost of depreciation is same every year
C Annual depreciation is the fixed percentage of the property value at the beginning of the particular year
D None of these
The Balance sheet reported a beginning balance TK. 20,000 in Accounts Receivable and an ending balance of TK. 15,000 . Credit sale of TK. 2,00,000 were made during the year. Using the information compute cash collection from customers.
A TK. 2,05,000
B TK. 1,95,000
C TK. 2,00,000
D TK. 2,15,000

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