Related Questions

Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ______ whichever is smaller.
A Fixed percentage of gross income or the net taxable income
B Fixed percentage of gross income or 50% of the net taxable income
C 50% of the fixed percentage of gross income or 50% of the net taxable income
D 50% of the fixed percentage of gross income or the net taxable income
The depletion allowance method of computing depletion is commonly known as ______.
A Unit method
B Percentage method
C Factor method
D Sinking fund method
What are the common methods of computing depletion charge?
A Rational method and irrational method
B Conservative method and conventional method
C Unit method and percentage method
D Discrete method and depletion allowance method
In cloud computing, what type of service provides virtualized computing resoures, such as servers and storage, on a pay-as- you-go basis?
A Infrastructure as a Service (lasS)
B Platform as a Servics (Pass)
C Software as a Service (SaaS)
D Function as A Service (FaaS)
stand next to the lamppost and face west ,walk 20 yards and then turn 90 degrees clockwise. Walk another 10 yards and then turn 45 degrees anticlockwise. Walk another 15 yards, reverse you direction and walk 5 yards back. Turn 135 degrees clockwise and walk another 10 yards . In which direction are you now facing?
A West
B East
C South
D North
A train leaves a station A at 7 am and reaches another station B at 11 am. Another train leas B at 8 am and reaches A at 11:30 am. The two trains cross one another at
A 8:36 am
B 8:56am
C 9.00 am
D 9:24 am
What is the main reason why the sinking fund method of computing depreciation is seldom used in the industry?
A Unstable economy
B Rate of interest cannot be exactly determined
C The initial deprecation is high
D The initial depreciation is low
In what method of computing depreciation where it assumes that a sinking fund is established in which funds will accumulate for replacement purposes?
A Straight line method
B Sinking fund method
C Sum-of-year digit method
D Declining balance method
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
In what method of computing depreciation where it assumes that the loss in value is directly proportional to the age of the equipment or asset?
A Straight line method
B Sinking fund method
C Sum-of-year digit method
D Declining balance method

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