Bissoy
Login
Get Advice on Live Video Call
Earn $ Cash $ with
consultations on Bissoy App
A reactor having a salvage value of Rs. 10000 is estimated to have a service life of 10 years. The annual interest rate is 10%. The original cost of the reactor was Rs. 80000. The book value of the reactor after 5 years using sinking fund depreciation method will be Rs.
A
40096
B
43196
C
53196
D
60196
Correct Answer:
60196
An earth moving equipment costs Rs. 5,00,000 and has an estimated life of 10 years and a salvage value of Rs. 50,000. What uniform annual amount must be set aside at the end of each of the 10 years for replacement if the interest rate is 8% per annum and if the sinking fund factor at 8% per annum interest rate for 10 years is 0.069?
A
Rs. 31050
B
Rs. 34500
C
Rs. 37950
D
Rs. 50000
A company owns some land and buildings for which the following details are relevant : Cost of land Taka 50,000; cost of building Taka 100,000, estimated life of building 20 years, estimated residual value of building Taka 2000; estimated residual value of land Taka 50,000. The company uses the straight line depreciation method. Which is the correct annual depreciation charge for this asset?
A
Taka 4000
B
Taka 4900
C
Taka 7400
D
Taka 7500
ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Determine the length of service life necessary if the depreciation used is the SYD method.
A
7 eyars
B
8 years
C
9 years
D
10 years
A machine is purchased for Rs. 10,000,00 and has an estimated life of 10 years. The salvage value at the end of 10 years is Rs. 1,50,000. The book value of the machine at the end of 5 years using general straight line method of evaluation of depreciation is
A
Rs. 4,75,000
B
Rs. 5,75,000
C
Rs. 6,50,000
D
Rs. 8,50,000
The original cost of an equipment is Rs.10,000. Its salvage value at the end of its total useful life of five years is Rs. 1,000. Its book value at the end of two years of its useful life (as per straight line method of evaluation of depreciation) will be
A
Rs. 8,800
B
Rs. 7,600
C
Rs. 6,400
D
Rs. 5,000
A machine was purchased for Rs. 1,000 and its life was estimated to be 3 years and at the end of life its book value will be Rs. 512. If depreciation is calculated according to written down value method. The rate of depreciation would be:
A
25%
B
15%
C
20%
D
10%
A machine has an initial value of Rs. 5000, service life of 5 years and final salvage value of Rs. 1000. The annual depreciation cost by straight line method is Rs.
A
300
B
600
C
800
D
1000
In _____________ method, the depreciation of properties assumed to be equal to the annual sinking fund plus the interest on the fund for that year.
A
Sinking fund
B
Annual fund
C
Constant percentage
D
Straight line
A machine was purchased for Rs. 10,000 and its life was estimated to be 3 years, and at the end of its life, its book value was Rs. 5,120. If depreciation is calculated according to Diminishing Balance method, the rate of depreciation would be:
A
25%
B
15%
C
20%
D
10%
Ten books are arranged in a row following a certain sequence. Among them 3 are History , 3 are Economics, 2 are Maths and 2 are English. From the left, there is an English book between a History and Maths book, a history book between a Maths and an English book, an Economics book between an English and a Maths Book. a Maths book between two Economics books and two Economics two Economics book between a Maths and a History book. Book of which subject is at the sixth position from the left?
A
English
B
Economics
C
History
D
Mathematics