PPE; Semi Expendable; Life Years

PPE; Semi Expendable; Life Years

KG - University

5 Qs

quiz-placeholder

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PPE; Semi Expendable; Life Years

PPE; Semi Expendable; Life Years

Assessment

Quiz

Professional Development, English, Mathematics

KG - University

Medium

Created by

Eleonor Cruz

Used 1+ times

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

There are three factors an entity must consider in determining depreciation except

depreciation cost

initial cost

useful life

expected residual life

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

CLASSIFICATION OF AN ITEM BASED ON COST: Semi-Expendable, High-Value

P50,000

P5,000

P4,999

P49,999

Answer explanation

Semi-Expendable, High-Value - more than P5,000 but less than P50,000.00

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

CLASSIFICATION OF AN ITEM BASED ON COST: Semi-Expendable, Low-Value

P50,000

P5,001

P4,999

P49,999

Answer explanation

1. Semi-Expendable, Low-Value

P5,000.00 or less

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

CLASSIFICATION OF AN ITEM BASED ON COST: Property, Plant and Equipment (PPE)

P50,000

P5,000

P4,999

P49,999

Answer explanation

PPE - P50,000.00 and above

5.

FILL IN THE BLANK QUESTION

1 min • 5 pts

Has

COA standardized the useful life in terms of

the number of years for government vehicles,

computers, printers, etc.?

just type your answer ---> YES or NO