Description : Under the Reducing Balance, method depreciation is charged on the original cost.
Last Answer : State whether the following statement are True or False with reason : Under the Reducing ... method depreciation is charged on the original cost.
Description : Give equation for calculating depreciation under reducing balance method.
Last Answer : Dep per annum= (NBV- Salvage)*rate;
Description : (i) The method of charging depreciation under which depreciation is calculated on the original cost of an asset.
Last Answer : Write the word/term/phrase which can substitute each of the following statements: (i) The method ... , etc. incurred for the erection of machinery.
Description : ________ of depreciation calculation accounts for the interest on investment. (A) Straight line method (B) Declining balance (C) Both (A) and (B) (D) Neither (A) nor (B)
Last Answer : D) Neither (A) nor (B)
Description : 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
Last Answer : (D) Declining balance
Description : Which of the following methods of depreciation calculations results in book values greater than those obtained with straight line method? (A) Multiple straight line method (B) Sinking fund method (C) Declining balance method (D) Sum of the years digit method
Last Answer : (B) Sinking fund method
Description : 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 ... ) Depreciation during the (n - 1)th year (D) Difference between initial cost and salvage value
Last Answer : (B) Book value at the end of (n - 1)th year
Description : Out of the following, the depreciation calculated by the __________ method is the maximum. (A) Diminishing balance (B) Straight line (C) Sum of the years digit (D) Sinking fund
Last Answer : A) Diminishing balance
Description : In declining balance method of depreciation calculation, the (A) Value of the asset decreases linearly with time (B) Annual cost of depreciation is same every year (C) Annual depreciation is the fixed percentage of the property value at the beginning of the particular year (D) None of these
Last Answer : (C) Annual depreciation is the fixed percentage of the property value at the beginning of the particular year
Description : Depreciation of machines fails under the indirect expenses head. As per income tax regulations, it is calculated by the __________ method. (A) Diminishing balance (B) Sinking fund (C) Multiple straight line (D) Sum of the years digit
Last Answer : (A) Diminishing balance
Description : Sometimes water is sprayed during coal charging in the coke oven, which helps in (A) Prevention of clinker formation in the oven (B) Controlling the dust nuisance while charging the coal (C) Reducing the cracking of hydrocarbons in ... represented by C + H2O = CO + H2 ) (D) All (A), (B) and (C)
Last Answer : (D) All (A), (B) and (C)
Description : At the balance sheet date, the balance on the Accumulated Provision for Depreciation Account is A) Transferred to Depreciation Account B) Transferred to the Asset Account C) Transferred to Profit and Loss Account D) Simply deducted from the asset in the Balance Sheet
Last Answer : Answer: D
Description : Mark the correct option a) No subsequent deposit allowed less than Rs 5 in saving account b) No withdrawal is allowed less than Rs 5 c) No withdrawal shall be permitted which has the effect reducing the ... to less than fifty in single account and less than 500 in cheque account d) All the above
Last Answer : d) All the above
Description : which method almost always produces the most depreciation in the first year? -General Knowledge
Last Answer : B. Double-declining-balance.
Description : why Novelty Chemicals bought a Motor Vehicle for$110,000 on January 5, 2016. The estimated usefullife of the vehicle is ten years. The disposal valueis estimated at $10,000. Annual depreciation is onthe straight line method?
Last Answer : Novelty Chemicals bought a Motor Vehicle for$110,000 on January 5, 2016. The estimated usefullife of the vehicle is ten years. The disposal valueis estimated at $10,000. Annual ... for annualdepreciation.d) The Balance Sheet extracts for motor vehicle and itsrelated depreciation.full question
Description : (i) Fixed Installment Method of depreciation is also known as _________ cost method.
Last Answer : Complete the following sentence : (i) Fixed Installment Method of depreciation is also known as ... year. (v) Depreciation is ________ expenses.
Description : Which method of depreciation would you suggest for depreciating a five years lease?
Last Answer : Which method of depreciation would you suggest for depreciating a five years lease?
Description : Under which method of depreciation does the number of depreciation change every year?
Last Answer : Under which method of depreciation does the number of depreciation change every year?
Description : Under which method of depreciation the amount of depreciation remains constant every year?
Last Answer : Under which method of depreciation the amount of depreciation remains constant every year?
Description : Under ____________ method depreciation is calculated on written down value.
Last Answer : Under ____________ method depreciation is calculated on written down value. (a) Fixed Instalment (b) ... Balance (c) Revaluation (d) Depletion
Description : Depletion method of depreciation is used in case of– (A) Cattle, Loose Tools, etc. (B) Mines, Quarries, etc. (C) Machinery, Building, etc. (D) Books
Last Answer : Answer: Mines, Quarries, etc.
Description : Which of the following does not affect cash flows from a proposal: A. Salvage value B. Depreciation amount C. Tax rate change D. Method of project financing
Last Answer : D. Method of project financing
Description : All of the following influence capital budgeting cash flows except . A. choice of depreciation method for tax purposes B. economic length of the project C. projected sales (revenues) for the project
Last Answer : B. economic length of the project
Description : The depreciation method which reduces the value of a machine by equal amount each year during the useful life is known as a) Estimated method b) constant percentage method c) compound interest method d) straight line method
Last Answer : d) straight line method
Description : The value of a property decreases __________ with time in straight line method of determining depreciation. (A) Linearly (B) Non-linearly (C) Exponentially (D) Logarithmically
Last Answer : A) Linearly
Description : __________ of depreciation calculation does not take into account the interest on investments. (A) Present worth method (B) Sinking fund method (C) Sum of the years-digits method (D) All (A), (B) and (C)
Last Answer : (C) Sum of the years-digits method
Description : An annuity is a series of equal payments occuring at equal time intervals, and this amount includes the sum of all payments plus interest, if allowed to accumulate at a definite rate of interest from ... cost (B) Depreciation by sinking fund method (C) Discrete compound interest (D) Cash ratio
Last Answer : (B) Depreciation by sinking fund method
Description : 'P' is the investment made on an equipment, 'S' is its salvage value and 'n is the life of the equipment in years. The depreciation for Rath year by the sum-of year’s digit method will be (A) (P - S)/n (B) 1 - (P/S)1/m (C) (m/n) (P - S) (D) [2 (n - m + 1)/n(n + 1)]. (P - S)
Last Answer : D) [2 (n - m + 1)/n(n + 1)]. (P - S)
Description : A machine has an initial value of Rs. 5000, service life of 5 years and final salvage value of Rs. 1000. The annual depreciation cost by straight line method is Rs. (A) 300 (B) 600 (C) 800 (D) 1000
Last Answer : (C) 800
Description : A reactor having a salvage value of Rs. 10000 is estimated to have a service life of 10 years. The annual interest rate is 10%. The original cost of the reactor was Rs. 80000. The book value of the reactor after 5 years ... method will be Rs. (A) 40,096 (B) 43,196 (C) 53,196 (D) 60,196
Last Answer : D) 60,196
Description : Depreciation (A) Costs (on annual basis) are constant when the straight line method is used for its determination (B) Is the unavoidable loss in the value of the plant, equipment and materials with lapse in time ... income tax liability on cash flows from an investment (D) All (A), (B) and (C)
Description : A machine is purchased for Rs. 10,000,00 and has an estimated life of 10 years. The salvage value at the end of 10 years is Rs. 1,50,000. The book value of the machine at the end of 5 years using general straight line method ... Rs. 4,75,000 (B) Rs. 5,75,000 (C) Rs. 6,50,000 (D) Rs. 8,50,000
Last Answer : (B) Rs. 5,75,000
Description : The original cost of an equipment is Rs.10,000. Its salvage value at the end of its total useful life of five years is Rs. 1,000. Its book value at the end of two years of its useful life (as per straight line method of evaluation ... be (A) Rs. 8,800 (B) Rs. 7,600 (C) Rs. 6,400 (D) Rs. 5,000
Last Answer : (C) Rs. 6,400
Description : Give journal entry for adjusting profit made due to change in method of depreciation.
Last Answer : It can only be achieved by reducing rate of Dep retrospectively.
Description : What is retrospective change in depreciation method?
Last Answer : It means change in accounting policy such that it was present from starting.
Description : What is prospective change in depreciation method?
Last Answer : Prospective Change means the effect of accounting estimate and new policy is from current date and in future entry.
Description : Give equation for calculating depreciation under straight-line method.
Last Answer : Dep per annum= cost-salvage/useful life;
Last Answer : Annual depreciation as per straight line method, is calculated by the capital cost minus the salvage value, is divided by the number of years of life.
Description : Which of the following procedures represents the best method to prevent the freezing of batteries continuously exposed to low temperatures? A. The battery caps should be removed. B. The battery cap ... in a fully charged condition. D. The battery should be disconnected from its charging source.
Last Answer : Answer: C
Description : Which one is not a charging method for secondary cells? A. constant current method B. constant potential method C. Rectifier method D. Magnetism method
Last Answer : Magnetism method is not a charging method for secondary cells.
Description : What causes Knee Pain? What is the best method of reducing/eliminating it?
Last Answer : This should really be between you and your doctor. Sorry, but I don’t feel comfortable answering this.
Description : Which method regulates the temperature aboard the space station by reducing the amount of the sun's radiation that is absorbed?
Last Answer : insulation
Description : Which frequency reuse method is less effective because of Faraday’s effect? A. Dual polarization B. Reducing antenna beamwidth C. Zonal rotation D. Spin stabilization
Last Answer : A. Dual polarization
Description : Project crashing is the method for ------------- A. Shortening the project duration by reducing the time of one or more critical activities B.Adding resources at critical points C.Doing technical analysis of the finished work for review D.Adding duration to each activity
Last Answer : A. Shortening the project duration by reducing the time of one or more critical activities
Description : In project management, which of the following is NOT a method of reducing the impact of an unexpected event? (A) Risk avoidance (B) Risk sharing (C) Risk transfer (D) Risk elimination
Last Answer : D) Risk elimination
Description : Which method is effective for escaping from local minima? a) Updating heuristic estimate b) Reducing heuristic estimate c) Eliminating heuristic estimate d) None of the mentioned
Last Answer : a) Updating heuristic estimate
Description : Which of the following statements is not true about disk-arm scheduling algorithms ? (A) SSTF (shortest seek time first) algorithm increases performance of FCFS. (B) The number of requests for disk ... arm movements. (D) SCAN and C-SCAN algorithms are less likely to have a starvation problem.
Last Answer : (B) The number of requests for disk service are not influenced by file allocation method.
Last Answer : Usage Loss , time Passed To be , accidentally Depreciation.
Description : What is the major difference between 'Depreciation on Asset' and 'Impairment of Asset' ?
Last Answer : Depreciation of assets in the allocation of assets whose value is placed on the balance sheet. It is a kind of tangible asset that may incur a cost. While Impairment of assets in the assets of ... the balance sheet. They are usually long-term assets. The longer the span the greater the impairment.
Description : Depreciation need not be provided if the asset is not in use.
Last Answer : State True or False with reason : Depreciation need not be provided if the asset is not in use.