Related Questions

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
__________ 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
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
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
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
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
For water evaporating into usaturated air under adiabatic conditions and at constant pressure, the __________ remains constant throughout the period of vaporisation.
A Dry bulb temperature
B Wet bulb temperature
C Humidity
D Relative saturation
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
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

Next steps