
Duck
Quiz
•
Other
•
University
•
Practice Problem
•
Medium
FATIMA MOHAMED
Used 2+ times
FREE Resource
Enhance your content in a minute
31 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many columns will the PPE note have? How many classes of assets are there?
3
2
1
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the accounting treatment for revalued building?
It is revalued at the end of the year
It is revalued at the beginning of the year
It is revalued every quarter
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do you need to remember when they say that the revaluation was done at the beginning of the year?
Depreciate first and then revalue
The opening balance of cost and accumulated depreciation in the note changes
Revalue then depreciate
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of revaluing property, plant, and equipment (PPE)?
To reflect the fair market value of PPE
To increase the carrying amount of PPE
To decrease the carrying amount of PPE
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What do you need to remember when you have an asset with a use intention and no wear and tear allowances are given? Select all that is applicable
Par 15 - Initial recognition is exempt
TB = 0
Tax rate is 28%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The fair value of the asset of R800 000 and R1 500 000 is reflective of the
GRV
NRV
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the o/b cost for the building?
3 500 000
800 000
800 000 + 2 000 000
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
28 questions
Disaster Risk Reduction
Quiz
•
11th Grade - University
31 questions
SJFC Euro 2020 Quiz
Quiz
•
KG - Professional Dev...
26 questions
Thomson/Maguire Practice Test Part 1
Quiz
•
10th Grade - University
28 questions
Topic 3 (Classwork)
Quiz
•
University
26 questions
Torts (Fill in Blank/Definition)
Quiz
•
University
30 questions
Coca-Cola Trivia Quiz
Quiz
•
University
27 questions
Pre-Midterm In Marketing
Quiz
•
University
30 questions
Grammar Midterm
Quiz
•
KG - University
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
20 questions
Figurative Language Review
Quiz
•
6th Grade
Discover more resources for Other
12 questions
IREAD Week 4 - Review
Quiz
•
3rd Grade - University
23 questions
Subject Verb Agreement
Quiz
•
9th Grade - University
7 questions
Force and Motion
Interactive video
•
4th Grade - University
7 questions
Renewable and Nonrenewable Resources
Interactive video
•
4th Grade - University
5 questions
Poetry Interpretation
Interactive video
•
4th Grade - University
19 questions
Black History Month Trivia
Quiz
•
6th Grade - Professio...
15 questions
Review1
Quiz
•
University
15 questions
Pre1
Quiz
•
University
