Deneme Sınavı Soruları

On October 1, 2012, Freedom Communications purchased a new piece of equipment that cost 35.000. The estimated useful life is five years and estimated residual value is 8.000. What is the depreciation expense for 2012 if freedom uses the straight-line method? 

"Borrowed with the intention to repay from the collections of receivables that will be generated by the sales of goods" is which type of loans?

1. Rights consist of patents, licenses, trademarks, franchises and copyrights
2. Intangible assets have a definite life.
3. The initial cost of a purchased intangible asset includes only the purchase price.

Which of the item/s mentioned above is true for intangible assets?

Which of the following is the cash or cash equivalent price of obtaining the asset plus all necessary taxes, purchase commissions and all other amounts paid to ready the asset for its intended use?

When a company receives an advanced payment, how must the company record this  liability in its financial statements?

For an economic resource to be recognized as an asset, ________.

Which of the following completes the sentence above?

... is to natural resources as ... is to plant assets and ... to intangible assets.

Which of the following is accurate to fill in the blanks above?

Anadolu Co. pays 2500 TL for regular service maintenance expense for official car of the CEO. How will Anadolu Co. record this regular service maintenance expense in the journal?

Which of the following is only used for rented assets?

Which of the following asset does not lose their ability to provide services and wear out as they are used?

Provisions for employee benefits (severance allowance), provisions for warranties, and restructuring provisions are examples for _______.

Which of the following means recording the expenditure as an asset?

A company pays 3000 TL to acquire a patent. The useful life of the patent is 5 years. What is the annual amortization expense of it?

What are the contracts that provide payoffs to investors depending on the values of other assets that they are derived from called?

1. Discard (retire) the long-lived asset
2. Sell the long-lived asset for cash
3. Exchange the long-lived asset for another long-lived asset

Which of the forms stated above can be used for the disposal of property, plant and equipment assets?

Anadolu Co. purchases a machine for 10,000,000 TL and estimates to use it for 10 years. According to the double-declining balance depreciation method, what will be the depreciation expense for the second year?

1. They are acquired for use in operations and not for resale.
2. They are in short-term in nature and usually depreciated.
3. They possess physical substance.
4. They are not intended for sale to customers.
5. They are economic resources that have physical substance (tangible)

Which of the statements above in terms of property, plant and equipment assets are correct?

Which of the following is true about liabilities?

What is an indicator of reliability level for a company in terms of either survival or credibility?