Engineering Economy | Test For NTS PPSC FPSC, TEST

A. Assets = liability + owner’s equity
B. Liability = assets + owners’ equity
C. Owner’s equity = assets + liability
D. Owner’s equity = liability – assets

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Category: Engineering Economy

In what method of computing depreciation where it assumes that the loss in value is directly proportional to the age of the equipment or asset ?

A man loans P 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments ?

What type of depreciation is due to the reduction in the demand for the function that the equipment or asset was designed to render ?

What refers to the exchange mechanism that brings together the sellers and the buyers of a product, factor of production or financial security ?

What refers to the value of an intangible item which arises from the exclusive right of a company to provide a specified product and service in a certain region of the country ?

What is the simplest form of business organization ?

Which of the following is an example of intangible asset ?

What is defined as the reduction of the value of certain natural resources such as mines, oil, timber, quarries, etc. due to the gradual extraction of its contents ?

What is the basic accounting equation ?

The amount of property in which a willing buyer to a willing seller for the property when neither one is under the compulsion to buy nor to sell is called __________________?