1. Lease payment in both operating lease and financial lease are expended and not capitalized:

true / false

2. impairment is followed by depreciation:

true/false

3. Equipment has acquisitions cost of 200,000 on 1 april 2021 and salvage value is estimated to be $20,000. It has life of 5years. Depreciation as per straight line method for the 1 year closing on 31 December 2021 will be?

4. Preference shares are called so due to what perferences?

1. To receive dividend in preference to ordinary shares

2. both A and B

3. none of these

4. To get their claim settled in preference to ordinary shares at the time of winding