On August 1, a company has an inventory of 33 units at a cost of $23 per unit. On August 5, it purchased 28 units at $22 per unit. On August 12, it purchased 32 units at $23 per unit. On August 15, it sold 66 units. What is the value of the inventory on August 15 after the sale? Question No. 1 Solve the above question by using FIFO method. Question No. 2 From the above statement find out the value of inventory on august 15 by using LIFO method. Question No.3_What is patent? Explain with example. Question No. 4 company? What do you know about goodwill explain with reference to the specific Question No. 5 _List down the tangible assets of any company with example? Question No. 6_A fixed asset having a useful life of 3 years is purchased on 1 January 2013.Cost of the asset is $2,000 whereas its residual value is expected to be $500.Calculate depreciation expense for the year ending 30 June 2013 by using straight-line deprecation method. Question No. 7_Equipment is purchased at a cost of $160,000. This asset is expected to have a useful life of 5 years and then be sold for $10,000. This means that the total amount of depreciation will be $150,000 spread over its useful life of 5 years, find the residual value by using sum of year's method. Question No. 8_What do you know about investors analysis explain with its ratios. A businessman purchased a $30,000 delivery truck, which was expected to last for 10 years. After 10 years, it would be worth $3,000. Under the straight-line depreciation method, the percentage of the assert is 10%. You are required to solve this by using double decline method of depreciation. Question No. 10_Explain average collection period with example. Question No. 11 What is the difference between debt ratio and debt equity ratio? Question No. 12_What is the difference between depreciation and amortization