Civil Engineering Mcqs

Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ________________ which ever is smaller ?

(A) Fixed percentage of gross income or the net taxable income
(B) Fixed percentage of gross income or 50% of the net taxable income
(C) 50% of the fixed percentage of gross income or 50% of the net taxable income
(D) 50% of the fixed percentage of gross income or the net taxable income

Submitted By :Ali Uppal

What are the common methods of computing depletion charge ?

(A) Rational method and irrational method
(B) Conservative method and conventional method
(C) Unit method and percentage method
(D) Discrete method and depletion allowance method

Submitted By :Ali Uppal

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 ?

(A) Depletion
(B) Inflation
(C) Depreciation
(D) Deflation

Submitted By :Ali Uppal

The functional depreciation is sometimes called ____________________?

(A) Demand depreciation
(B) Adolescence
(C) Life depreciation
(D) Failure depreciation

Submitted By :Ali Uppal

What type of depreciation is due to the reduction of the physical ability of an equipment or asset to produce results ?

(A) Functional depreciation
(B) Design depreciation
(C) Physical depreciation
(D) Demand depreciation

Submitted By :Ali Uppal

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

(A) Functional depreciation
(B) Design depreciation
(C) Physical depreciation
(D) Demand depreciation

Submitted By :Ali Uppal

What refers to the present worth of cost associated with an asset for an infinite period of time ?

(A) Annual cost
(B) Increment cost
(C) Capitalized cost
(D) Operating cost

Submitted By :Ali Uppal

The unrecovered depreciation which results due to poor estimates as to the life of the equipment is called _____________________?

(A) Sunk cost
(B) Economic life
(C) In-place value
(D) Annuity

Submitted By :Ali Uppal

The process of determining the value or worth of a physical property for specific reason is called ____________________?

(A) Investment
(B) Valuation
(C) Economy
(D) Depletion

Submitted By :Ali Uppal

In computing depreciation of an equipment, which of the following represents the first cost ?

(A) The original purchase price and freight charges
(B) Installation expenses
(C) Initial taxes and permit fees
(D) All of the above

Submitted By :Ali Uppal

Previous
First
....
141
142
143
144
145
....
281
Next