Question : Calculate ‘Depreciation on Capital Asset’ from the following data:
The capital value of the asset = 1000
Estimated life of the asset = 20 years
Scrap value = Nil
Option 1: 49
Option 2: 50
Option 3: 47
Option 4: 51
Correct Answer: 50
Solution : The correct answer is (b) 50
To calculate Depreciation on a Capital Asset using the straight-line method, we can use the following formula:
Depreciation = (Capital Value of the Asset - Scrap Value) / Estimated Life of the Asset
Capital Value of the Asset = 1000
Estimated Life of the Asset = 20 years
Scrap Value = Nil
Depreciation = (1000 - 0) / 20
Depreciation = 50
Therefore, the value of Depreciation on the Capital Asset is 50.
Question : Calculate ‘Intermediate Consumption’ from the following data
Gross value output = 300, Net value added at factor cost = 100, Subsidies = 15, Depreciation = 30
Question : Calculate ‘Sales’ from the following data:
Net value added at factor cost = 560, Depreciation = 60, Change in stock = (-) 30, Intermediate cost = 1000, Exports = 200, Indirect taxes = 60
Question : Loss in the value of fixed assets due to unforeseen obsolescence is known as ______________________- and due to passage of time is known as _______________.
Subsidies = 200, Opening stock = 100, Closing stock = 600, Intermediate consumption = 3000, Consumption of fixed capital = 700, Profit = 750, Net value added at factor cost = 2000
Question : Directions: If ‘+’ means ‘–’, ‘–’ means ‘×’, ‘×’ means ‘÷’, ‘÷’ means ‘+’, then what will come in place of the question
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