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
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
__________ 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
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
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
Read both the statements and then mark your answer.Statement I: The government has recently fixed the fees for professional courses offered by the unaided institutions which are much lower than the fees charged last year.Statement II: The parents of the aspiring students launched a severe agitation last year protesting against the high fees charged by the unaided institutions.
A Statement I is the cause and Statement II is its effect
B Statement II is the cause and Statement I is its effect
C Both the Statement I and II are independent cause
D Both the Statement I and II are independent are effect of some common cause
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
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)
Under which depreciation method, the amount of depreciation expenses remains same throughtout the life of the asset?
A Straight line method
B Reducing balance method
C Number of units produced method
D Machine hours method

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