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i need asap please thank you 1.Which of the following statements are the causes for depreciation? i) Physical deterioration ii) Depletion iii) Time value of

i need asap please thank you

1.Which of the following statements are the causes for depreciation?

i) Physical deterioration

ii) Depletion

iii) Time value of money

iv) Economic factors

Select one:

a. i, ii and iv

b. i, ii and iii

c. i, iii and iv

d. ii, iii and iv

2.Which of the following statements are the factors that affect the choice of inventory valuation?

i) Lack of information because no proper records

ii) To make the business look attractive with high stock valuation

iii) Convenience as it is the easiest method

iv) Follow advise by tax regulator

Select one:

a. i, ii and iv

b. i, ii and iii

c. ii, iii and iv

d. i, iii and iv

3.Gross profit derived from sales deduct return outwards.

Select one:

True

False

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