Engineering Economics What is used to record historical financial transactions? Bookkeeping system General journal system Ledger system Balance check Bookkeeping system General journal system Ledger system Balance check ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What type of depreciation is due to the reduction of the physical ability of an equipment or asset to produce results? Design depreciation Demand depreciation Physical depreciation Functional depreciation Design depreciation Demand depreciation Physical depreciation Functional depreciation 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 9,228.45 P 9,308.45 P 9,358.41 P 9,250.00 P 9,228.45 P 9,308.45 P 9,358.41 P 9,250.00 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics 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. 7 eyars 8 years 10 years 9 years 7 eyars 8 years 10 years 9 years 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? Consumer saving All of these Compulsory saving Forced saving Consumer saving All of these Compulsory saving Forced saving ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics All the proceeds which are received by the business as a result of the sale of goods is called ______. Net income Gross income Total sales Net revenue Net income Gross income Total sales Net revenue ANSWER DOWNLOAD EXAMIANS APP
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