Total depreciation of an asset cannot exceed its:

Related Mcqs:

Which of the following account with normal balance is shown at the credit side of a trial balance?

A. Cash account B. Bank account C. Equipment account D. Accrued expenses account...

An asset must be _______ by the business to be shown as an asset in its “balance sheet”

A. Possessed B. Owned C. Controlled D. Used...

If the total liabilities of a business decrease by $5000 what will be the effect on total asset?

(assuming the amount of capital remain same) A. Remain constant B. Decrease by $5000 C. Increase by $5000 D. Increase by $10,000...

Which of the following assets is/are to be valued at the lower of cost and net realizable value?

A. Goodwill B. Inventories C. Investments D. Both B. and C. above....

Which of these is a Part of cash in hand?

A. Postage stamps B. B/R C. Cheque Deposited with Bank D. B/R endorsed...