The estimate about useful life of a fixed asset:
A) Can never be changed
B) Can be changed
C) all
D) none
Correct Answer:
Verified
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
Q25: Cost of fixed asset minus accumulated depreciation
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
Q31: Provision for Depreciation is
A)An appropriation of profit
B)A
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents