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
In a decision to retain or replace equipment , the book value of the old equipment is a (n) -
A opportunity cost
B sunk cost
C incremental cost
D marginal cost
Deciding where to locate new production facilities is an example of a manufacturing and production information system operating at the _______.
A Operational level
B Management level
C Knowledge level
D Strategic level
Following the six-tenth factor rule, if a log-log plot of capacity of the equipment vs. cost of the equipment is made, then a straight line is obtained, whose slope is equal to
A 0.1
B 0.6
C 0.2
D 0.8
_________ method of underwriting is suitable while deciding a complex case, e.g. whether to give insurance to someone who has acute diabetes.
A Instrumental
B Panelling
C Non-medical
D Judgmental
During the reign of Kanishka, Buddhism for the first time went to China and from China it went to
A Burma and Tibet
B Thailand and Cambodia
C Korea and Japan
D Indonesia and Vietnam
India shares its border with China along the Himalayan range. Which of the following states touches the border of China?
A Punjab
B Bihar
C Arunachal Pradesh
D Chhattisgarh
FM transmitting and receiving equipment as compared to AM equipment is
A Costly
B Cheaper
C Almost equally costly
D None of the above
Equipment installation cost in a chemical process plant ranges from __________ percent of the purchased equipment cost.
A 10 to 20
B 35 to 45
C 55 to 65
D 70 to 80
Square Company purchased a piece of equipment on January 1, 2022. The equipment cost was Tk 60,000 and had an estimated life of 8 years and a salvage value of Tk 8,000. What was the depreciation expense for the asset for 2023 under the double declining balance method?
A Tk 6,562
B Tk 6,500
C Tk 11,250
D Tk 15,000
E None of these

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