- Asset recovery
- Depreciation recovery
- Period recovery
- After-tax recovery
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Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer : Statement : A line in an advertisement in a newspaper - "You really get your money's worth when you buy from our shop." Assumptions : I. Other shops price goods above their worth. II. People want full value for their money.?
Answer: Option 2 Clearly, the advertisement mentions nothing about the prices of goods in the various shops. So, I is not implicit. The advertisement is given keeping in mind the...
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Direction : Two statements I and II are given. These statement may be either independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statements. Read both the statements and decide which of the following answer choice correctly depicts the relationship between these two statements. Mark answer : I. The government has decided to give tax benefits for small savings for investments and benefit accruals. However, all withdrawals of such savings are to be taxed. II. People have been investing more in small savings than in equity market to avail maximum tax benefits.?
Answer: Option 3 Both the statements I and II are independent causes.
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An asset must be ________ by the business to be shown as an asset in its balance sheet.?
Answer: Option 3 An asset must be controlled by the business to be shown as an asset in its balance sheet.
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What type of depreciation is due to the reduction of the physical ability of an equipment or asset to produce results?
Answer: Option 3 Let'
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What refers to the present worth of cost associated with an asset for an infinite period of time?
Answer: Option 3 Let'
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What type of depreciation is due to the reduction in the demand for the function that the equipment or asset was designed to render?
Answer: Option 1 Let'
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In what method of computing depreciation where it assumes that the loss in value is directly proportional to the age of the equipment or asset?
Answer: Option 1 Let'
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Directions : Following question consists of a statement followed by three arguments I, II and III . You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument. Statement : Should all the indirect taxes in India be combined into a single tax on all commodities Arguments : I. Yes. This will considerably simplify the tax collection mechanism and the cost of collecting tax will also reduce. II. Yes. The manufacturers and traders will be benefited by this which in turn will boost tax collection. III. No. No other country has adopted such system.?
Answer: Option 5 Only I and II are strong. Clearly, both I and II hold strong, as they provide very convincing reasons, for a single tax system would help get...
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Which of the following depreciation system ensures that the interest be charged on the cost of machine asset every year on the book value, but the rate of depreciation every year remains constant?
Answer: Option 4 the annuity method of depreciation is a process used to calculate depreciation on an asset by calculating its rate of return as if it was an investment....
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