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
Under which of the following methods of depreciation, amount of depreciation varies every year?
A SYD
B SLM
C Annuity
D All of them
অবচয়ের কোন পদ্ধতি প্রথম বছরের অবচয় সবচেয়ে কম দেখাবে? (Which depreciation method shows the lowest amount of depreciation in the first year?)
A সরলরৈখিক পদ্ধতি (Straight line method )
B ক্রমহ্রাসমান পদ্ধতি (Declining balance method)
C বর্ষ সংখ্যার সমষ্টি পদ্ধতি (Sum of the years digit method)
D উৎপাদন একক (Units of production)
A company owns some land and buildings for which the following details are relevant : Cost of land Taka 50,000; cost of building Taka 100,000, estimated life of building 20 years, estimated residual value of building Taka 2000; estimated residual value of land Taka 50,000. The company uses the straight line depreciation method. Which is the correct annual depreciation charge for this asset?
A Taka 4000
B Taka 4900
C Taka 7400
D Taka 7500
The depreciation during the year 'n', in diminishing balance method of depreciation calculation, is calculated by multiplying a fixed percentage 'N' to the
A Initial cost
B Book value at the end of (n - 1)th year
C Depreciation during the (n - 1)th year
D Difference between initial cost and salvage value
Which of the following depreciation system ensures that the interest be charged on the cost of machine asset every year on the book value, but the rate of depreciation every year remains constant
A Sinking fund method
B Straight line method
C ABC charging method
D Annuity charging method
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
What do you call the after-tax present worth of all depreciation effects over the depreciation period of the asset?
A Asset recovery
B Depreciation recovery
C Period recovery
D After-tax recovery
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

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