Question
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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