PPE and Intangible Assets I

Which one of the following expenditures is recorded when a business acquires Non-Current Asset?

• Capital Expenditure

• Revenue Expenditure

Which one of the following are resources that the company expects to convert to cash or use within one financial period?

• Current Asset

• Non-Current Asset

• Current Liability

• Non-Current Liability

Amortisation refers to spreading an __________ asset's cost over that asset's useful life.

In which one of the following Depreciation methods, the depreciation expense will be the same every year over the useful life of the asset?

• Straight Line Method

• Reducing Balance Method

• Units of Production Method

Which of the following depreciation methods is the MOST accurate method for charging depreciation as it is linked to actual wear & tear of assets?

• Straight Line Method

• Reducing Balance Method

• Units of Production Method