A. Book value
B. Market value
C. Fair value
D. Franchise value
Related Mcqs:
- What market situation exists where there is only one buyer and only one seller ?
A. Monopsony
B. Monopoly
C. Bilateral monopsony
D. Bilateral monopoly - 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 __________________?
A. Fair value
B. Market value
C. Good will value
D. Book value - 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 - What is defined as the reduction or fall of the value of an asset due to constant use and passage of time ?
A. Depletion
B. Inflation
C. Depreciation
D. Deflation - 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. Straight line method
B. Sinking fund method
C. Sum-of-year digit method
D. Declining balance method - What is the increase in the money value of a capital asset is called?
A. Profit
B. Capital gain
C. Capital expenditure
D. Capital stock - What is the reduction in the money value of capital asset is called ?
A. Capital expenditure
B. Capital loss
C. Loss
D. Deficit - A VOM has a selling price of P 400. If its selling price is expected to decline at a rate of 10% per annum due to obsolescence, what will be its selling price after 5 years ?
A. P 222.67
B. P 212.90
C. P 236.20
D. P 231.56 - ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Determine the length of service life necessary if the depreciation used is the SYD method ?
A. 7 eyars
B. 8 years
C. 9 years
D. 10 years - Cash money and credit necessary to establish and operate an enterprise are generally called _____________________?
A. Capital
B. Funds
C. Assets
D. Liabilities
