PPE; Semi Expendable; Life Years
Authored by Eleonor Cruz
Professional Development, English, Mathematics
KG - University
Used 1+ times
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5 questions
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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
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