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WorksheetsDepreciation
Total questions: 10
Worksheet time: 3mins
The Depreciation remains constant according to which method?
Sum of Years Digits
Units of Production
Declining Balance
Straight Line Method
What are two types of Fixed Assets?
Intangible Assets and Current Assets
Tangible Assets and Current Assets
Current Assets and Fixed Assets
Tangible Assets and Intangible Assets
Fixed Assets most commonly appear on the balance sheet as…
Property, plant and equipment (PP&E)
Vehicle
Office building
Machinery
What are included in Current Assets?
Cash and cash equivalents, accounts payable (AP), inventory, prepaid expenses
Cash and cash equivalents, accounts receivable (AR), inventory, prepaid expenses
Vehicle, inventory, prepaid expenses and cash
None of the above
With what method of depreciation, an asset’s cost is depreciated the same amount for each accounting period?
Straight line method
MACRS method
Declining Balance Method
Sum of Years Digits
Market value of the shares are decided by…
the respective companies
the investment market
the government
shareholders
What are included in Intangible Assets?
Patents, trademarks
Copy right
Plant, furniture
Patents, trademarks, copy right
Which country uses MACRS method?
The United Kingdom
The United State
Vietnam
Australia
In the UK, the straight line depreciation method can be calculated by dividing The original cost of the asset?
Salvage value
Depreciation Percentage
Useful Life of the Asset
None of the above
Straight line depreciation is the … depreciation method to calculate
easiest
hardest
most sophisticated
most accurate
