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Acc 212- CH-4 Depreciation of Plant Assets

Quizย by Shouq Isa Rashid Aldoseri

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6 questions
Show answers
  • Q1
    What is depreciation?
    A non-cash expense that increase the value of an asset over time.
    A cash expense that increase the value of an asset over time.
    A cash expense that reduce the value of an asset over time.
    A non-cash expense that reduce the value of an asset over time.
    60s
  • Q2
    Which is the correct formula for depreciation cost/depreciation base using straight-line method?
    Acquisition cost โ€“ Salvage Value
    Acquisition cost โ€“ Salvage Value /(๐‘ผ๐’”๐’†๐’‡๐’–๐’ ๐‘ณ๐’Š๐’‡๐’†)
    Acquisition cost x depreciation rate
    Acquisition cost /(๐‘ผ๐’”๐’†๐’‡๐’–๐’ ๐‘ณ๐’Š๐’‡๐’†)
    60s
  • Q3
    Which is the correct formula to find the depreciation rate using double declining method?
    100/2 x useful life
    100 /Useful life ร— 2
    ๐‘ช๐’๐’”๐’•โˆ’๐’๐š๐ฅ๐ฏ๐š๐ ๐ž ๐•๐š๐ฅ๐ฎ๐ž/๐“๐จ๐ญ๐š๐ฅ ๐”๐ง๐ข๐ญ๐ฌ ๐จ๐Ÿ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ข๐จ๐ง
    1/useful life x 100
    60s
  • Q4
    On January 1 2018, Hassan Company purchased a new truck at cost BD120,000. It has estimated salvage value for BD5,000 at the end of useful life 4 years and total units of production is 200,000 units. The machines is expected to be used, 80,000 โ€“ 60,000 โ€“ 40,000 โ€“ 20,000 in 4 years of useful life. Find the cost per unit using units of activity method.
    BD 1.625 per unit
    BD 0.575 per unit
    BD 1.666 per unit
    BD 0.6 per unit
    120s
  • Q5
    On Jan 1 2017, A motor vehicle costs BD 8,000. It will be kept for 4 years useful life, and then sold for a scrap value for BD 1,000and used double declining rate 40%. Find the depreciation expense using double declining method for the first year.
    BD 3,200
    BD 5,600
    BD 2,800
    BD 6,400
    120s
  • Q6
    On August 30,2020 , Abdulla Company bought a new machine at cost for BD90,000 and it has a shipping cost of BD 1,500 . It estimated a salvage value of BD3,000 at the end of useful life 4 years. Find the accumulated depreciation using straight-line method for the first year.
    BD 22,125
    BD 7,250
    BD 21,375
    BD 7,375
    120s

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