Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

Equipment purchase cost Rs. 4000 Scrap Value Rs. 400 Use Full life 5 years. What is book value of equipment after 2 years?

user-image
Question ajoutée par Waqar khan , Audit Associate , PwC
Date de publication: 2015/07/23
Mohammed Asim Nehal
par Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

Correct answer is2560  ....................d) None of the above....

4000-400 =3600    3600/5 =720    720 x2 =1440       =2560

Shahbaz Hayder
par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option D is the right answer.

Zehab Osman
par Zehab Osman , Accountant , Aldar Consultancy Co.

D-------------------------------------------------

Abd ElRahman Mohammed Idris Mohammed
par Abd ElRahman Mohammed Idris Mohammed , Internal Audit Manager , Kenana Sugar Company Limited

D) None of above.

Annual Depreciation =4000 -400  =3600 /5 =720

Depreciation for2 years =720*2 =1440

Book value after2  years =4000 -1440 =2560

Therefore the correct answer is (D)

mehfooz alam khan habib khan
par mehfooz alam khan habib khan , Security Incharge , Landmark Group (Emax)

Option D is right answer. Cost4000 - scrap value400 =3600 life time5 years,3600/5 =720. Book value aftee two years are4000 -1440 =2560

Ayad ليالي
par Ayad ليالي , Audit Manager of Finance , El-Hassan & El-Hussein Manufacturing Food & Commercial

 , D.none of above.4000-400=3600/5=720*2=1440.=2160

Michael Lagunday
par Michael Lagunday , Accounts Assistant , Invest Group Overseas LLC

The question is silent about the depreciation method to be used. 

It is also silent of what type of equipment it is.

Commonly, straight line method is used so the answer is D. None of the above.

[(4000-400)/5]*3+400=2560

Malik Saleem Iqbal
par Malik Saleem Iqbal , Assistant Finance Manager , Ali Zaid Al-Quraishi & Brothers Co LTD

Answer is "D"

None of above

Mohammed Sharif-uzzaman Khan
par Mohammed Sharif-uzzaman Khan , Head of Finance & Internal Control , Desh Television Ltd.

Option "D" is the right answer

Saidul Alam
par Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C

None of above.............................

Mohd Asim
par Mohd Asim , Senior, Assurance , Ernst & Young

Option D is the correct answer as all the other are incorrect