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WorksheetsTOPIC 9 (iii) ACCOUNTING FOR NON CURRENT ASSET(DEPRECIATION)
Total questions: 10
Worksheet time: 6mins
The cost of vehicle RM 1000,000; residual value RM40,000 , Expected useful life 10 years, using straight line method,calculate depreciation for fifth year.
62,000
84,000
76,000
96,000
A machinery costing RM500,000 is depreciated @ 20% p.a. at straight line method and zero residual value.. At the end of three years, the book value of the machinery will be :
RM 350,000
RM 250,000
RM 200,000
RM 300,000
A motorcycle which costs RM12,000 is expected to have useful life of 10 years and a scrap value of RM3,000. Calculate the accumulated depreciation of the motorcycle at the end of 4th year using the straight line method.
RM3,600
RM900
RM2,700
RM4,500
The price of a van is RM120,000. The van is expected to have useful life of 15 years and a scrap value of RM6,000. Calculate the book value of the van at the end of 10th year using the straight line method.
RM22,000
RM33,000
RM44,000
RM76,000
Cost = RM 5,000
Useful life = 5 years
Residual = RM 1,000
Find the book value at the end of 3rd year using the straight line method.
RM 5,000
RM 4,000
RM 1,000
RM 2,600
The value of an asset at the end of its useful life is....
Annual depreciation
Accumulated depreciation
Scrap value
Book value
Cost of a fixed asset minus accumulated depreciation.
assessed value
half-year convention
current asset
book value of a fixed asset
revenue that results when fixed asset is sold for more than book value.
gain on disposal
loss on disposal
salvage value
plant asset record
Which of the following assest is not depreciable asset
Machinery
Furniture
Land
Vehicle
Depreciation of asset for business is:
Expense
Income
Loss
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