Question 24

Question text

The annual rate of depreciation for an asset with a useful life of 4 years and 20% scrap value is?

Select one:

20.0%

25.0%

33.3%

none of the above

Question 25:

Which of these is not part of a complete set of financial statements?

Select one:

A statement of financial position

A statement of cash flows

A statement of financial ratios

A statement of profit or loss