Cost of fixed asset minus accumulated depreciation expenses of the fixed asset:
A) Book value of a fixed asset
B) Market value of a fixed asset
C) Historical cost of a fixed asset
D) Recoverable amount of a fixed asset
Correct Answer:
Verified
Q20: Depletion applies to_
A)Current assets.
B)Wasting assets
C)Intangible assets
D)Fixed assets
Q21: Income tax authorities recognize this method _
A)Straight
Q22: Amortization applies to
A)Current assets.
B)Wasting assets.
C)Intangible assets.
D)Fixed assets
Q23: In depreciation calculation the life of an
Q24: Depreciable amount plus residual value of a
Q26: The estimate about useful life of a
Q27: XYZ has imported a machine from abroad.
Q28: Which of the following fixed asset is
Q29: In calculation of depreciation, all of the
Q30: Depreciation means
A)Depletion
B)Amortization
C)Saving of Cash
D)Reduction in the books
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