The loss of an asset's value is... Depreciation

  • depreciation
  • data processing
  • book value
  • liability value
Answer: depreciation
965 students attemted this question.


No Explanation Available.

Share this question with friends

Similar Questions

  1. The value of Assets may rise or fall on account of: 2018

  2. The net book value of assets is obtaining by deducting _______ with accumulated depreciation.

  3. The loss that results when a plant asset is sold for less than book value.

  4. Only ___________ assets are depreciated.

  5. The physical deterioration in assets due to use in business is called: 2017

  6. Cash and other assets expected to be exchanged for cash or consumed within a year.

  7. A depreciation method required by the Internal Revenue Service to be used for income tax calculation purposes for most plant assets.

  8. Loss on the sale of machinery should be written off against: 2016

  9. A milling machine was bought for $200,000 and has accumulated depreciation of $65,000. On February 20th, the company disposed of the machine receiving nothing in return. How would you record the loss on the disposal of the milling machine?

  10. Original cost of machinery Rs. 5,500, scrap value Rs. 500, the useful life of machinery 10 years, then the annual value of deprecation will be: 2018

  11. The cost of new machine is RM50,000. Its estimated useful life is 9 years with a salvage value of RM5,500. If the annual rate is 21.75%, find the book value at the end of 5 years using declining balance method.

  12. 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.

  13. Cost = RM 5,000The expected to be obsolete = 5 yearsSalvage value = RM 1,000Find the book value at the end of 3rd year using the straight line method.

  14. If original cost of an asset is Rs. 10,000, rate of depreciation 10 % p.a. then the value of depreciation under diminishing balance method after third year will be: 2016

  15. The decreases in the value of intangible asset is known as: 2019

  16. A motorcycle which costs RM12,000 is expected to have useful life of 7 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.

  17. Depreciation in the value of asset is -

  18. Salvage value is also known as...

  19. The value of an asset at the end of its useful life is....

  20. The value of an asset determined by tax authorities for the purpose of calculating taxes.


Add Your Review

Your email address will not be published.

Subscribe to Newsletter!

Subscribe to get latest updates and information.