Ünite Sınavı Soruları

Which of the following does not increase the capacity or efficiency of an asset or extend its useful life and are reported on the income statement as an expense in the period incurred?

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

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 equal to the capitalized cost minus estimated residual value?

Anadolu Co. signs a contract with a car-design company and renovates the interior of the minivan for the customers. Anadolu Co. pays 100,000 for renovation. How will Anadolu Co. record this expenditure in the journal?

Trade Co. purchases a ceramic furnace for 100,000 TL. As for the transportation charge it pays 5,000 TL, for the insurance 1,000 TL and 8,500 TL for the customs fee. It also pays 7,500 TL for assembling the machinery. Which of the following is the cost of the machinery?

Which statement is false?

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. Assume Freedom Communications purchased the equipment on January 1, 2012. If Freedom uses the double-declining-balance method, what is depreciation for 2013?

Which of the following are included in the cost of land? 

1. The cost of the long-lived asset
2. The estimated residual value of the long lived asset
3. The estimated useful life of the long-lived asset

In order to measure the depreciation, which of the element/s mentioned above must be known?

Which of the following assets is not subject to a decreasing book value through depreciation, depletion, or amortization?

Anadolu Co. purchases a machinery on January 1st 2019 for 200,000 TL. Anadolu Co. also pays 20,000 TL for transportation and insurance during transportation. Upon the receiving of machinery Anadolu Co. pays 5,000 TL for assembling and testing of the machinery. Anadolu Co. estimates to use the machine for 5 years and at the end of it useful life it is estimated to be sold at 25,000 TL. Company will apply straight-line depreciation method for the machinery.

What is the depreciable cost of the machine?

"Debited to an asset account because it increases the asset’s capacity or efficiency or extends the asset’s useful life" which definition is the following?

1. Straight-line depreciation method produces a decreasing annual depreciation expense over the asset’s useful life.
2. Double-declining balance depreciation method allocates the depreciable cost of the asset equally to its useful life.
3. “Cost of the asset – Accumulated Depreciation” is called the “Book Value” of the asset.
4. Units-of-production depreciation method depreciates by units rather than by years.

Which of the statements above in terms of depreciation methods are correct?

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?

On January 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.  If Freedom uses the straight-line method for depreciation, what is the asset’s book value at the end of 2013?

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?

Which item among the following is not an tangible asset?

Which of the following is not a capital expenditure