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
Sobuj bought three pieces of material. The first piece is 1 yard 2 feet 6 inches long, the second piece is 2 yards 1 feet 5 inches long, and the third piece is 4 yards 2 feet 7 inches long. If the cost of the material is Tk. 36 per yard, how much did Sobuj spent?
A Tk. 324
B Tk. 342
C Tk. 350
D Tk. 330
A car dealer sells a SUV for BDT 39,000, which represents a 25% profit over the cost . What was the cost of the SUV to the dealer ?
A BDT 29,250
B BDT 31,200
C BDT 32,500
D BDT 33,800
A car dealer selols a SUV for $ 39,000. which represents a 25% profit over the cost. what was the cost of the SUV to the dealer?
A $ 29,250
B $ 31, 200
C $ 32 , 500
D $ 33, 800
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
Two friends M and N have 40% and 60% shares in a business. After some time a third friend joined the business by investing Tk 5 Lac and acquired 20% shares in the business. What is the share of M in the business now ?
A 20%
B 24%
C 28%
D 32%
Two friend M and N have 40% and 60% shares in a business. After some time a third friend joined the business by investing Tk. 5 lac and acquired 20% shares in the business. What is the share of M in the business now?
A 20%
B 24%
C 28%
D 32%
A manufacturer sells an article to a wholesale dealer at a profit of 20% and the whole sale dealer sells it to a retail merchant at a loss of 5%. Find the resultant profit or loss.
A 14% loss
B 14% gain
C 12% gain
D None of these
A dealer owns a group of cars and motorcycles. If the number of tires (excluding spare tires) on the vehicles is 30 more than twice the number of vehicles and the number of cars is 10 more than the number ofmotorcycle, then the number of cars the dealer owns is ---
A 10
B 15
C 20
D 30
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

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