Related Questions

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
In a cricket tournament 30,000 tickets were sold. One-fourth of the tickets were sold at TK. 30 each, 1/3 were sold at TK. 25 each, and the remaining tickets were sold at TK. 20 each. How many tickets were sold at TK. 20 each ?
A 10,000
B 12,000
C 12,500
D 13,500
Nafiz inherited 30% of his father's asset . After paying a tax of 20% of his inheritance, what percent of hos father's asset does Nafiz own now?
A 24%
B 25%
C 26%
D 27%
An asset must be ________ by the business to be shown as an asset in its balance sheet.
A Possessed
B Owned
C Controlled
D Used
In a recent year, Windsor's Boat's reported an asset turnover ratio of 2.46 times and a profit margin of 19.8% . In the same year, Sarah's Sail Boats reported an asset turnover ratio of 1.27 times and a profit margin of 9.9% . Which of the following statements is false ?
A Sarah's did a better job of turning over its assets
B Windsor's did a better job of generating profit from its sales
C Windsor's return on assets (ROA) is 48.7% while Sarah's return on assets is 12.6%
D None of the other answers is false
The allocation of the cost of a tangible plant asset to expense in the periods, in which services are received from the asset, is termed as
A Appreciation
B Depreciation
C Fluctuation
D None of the above
Data items in the fixed asset record of a newly purchased asset that a well-designed application program could obtain automatically include
A estimated disposal data
B source
C first cost
D All of the above
E None of the above
Out of the 30,000 tickets for the cricket tournament in Dhaka, 1/4 were sold at Tk. 300, 1/3 were sold at Tk. 250 and the rest were sold for Tk. 125. How many tickets were sold at Tk. 125?
A 5000
B 7500
C 10,000
D 12,500
A television producer sold 150 televisions in a special 6-day sale offer. During the sale offer, each day the company sold 6 more televisions than what was sold the day before. How many televisions were sold on the 6th day?
A 40
B 42
C 45
D 50

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