Engineering Economics Lands, buildings, plants and machineries are example of what type of asset? Fixed asset Intangible asset Trade investment asset Current asset Fixed asset Intangible asset Trade investment asset Current asset ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics In case of bankruptcy of a partnership, The partners are not liable for the liabilities of the partnership The partners personal assets are attached to the debt of the partnership The partners nay sell stock to generate additional capital The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities The partners are not liable for the liabilities of the partnership The partners personal assets are attached to the debt of the partnership The partners nay sell stock to generate additional capital The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is a secondary book of accounts, the information of which is obtained from the journal is called? Balanced sheet Worksheet Ledger Trial balance Balanced sheet Worksheet Ledger Trial balance ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics 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? Declining balance method Sum-of-year digit method Straight line method Sinking fund method Declining balance method Sum-of-year digit method Straight line method Sinking fund method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Shell Philippines, a multinational company, has a total gross income for a particular year of P 50,000,000. The taxable income after taking all deductions except for depletion is P 18,500,000. What is the allowable depletion allowance for that particular year? Take percentage of gross income for oil as 22%. P 9,358.41 P 9,250.00 P 9,228.45 P 9,308.45 P 9,358.41 P 9,250.00 P 9,228.45 P 9,308.45 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the saving which takes place because goods are not available for consumption rather than consumer really want to save? Compulsory saving Consumer saving All of these Forced saving Compulsory saving Consumer saving All of these Forced saving ANSWER DOWNLOAD EXAMIANS APP
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