Residual Value – Knowsia

FA – May 2012 – L1 – SA – Q20 – Accounting Concepts

Calculating the residual value of an equipment after its useful life.

Question

The following data relate to an equipment acquired by an enterprise:

Cost: N435,600
Expected useful life: 4 years
Annual depreciation: N100,000

What is the residual value of the equipment at the end of its useful life?

A. N35,000
B. N35,600
C. N73,500
D. N83,750
E. N108,000

Answer

Find Related Questions by Tags, levels, etc.

Tags: Depreciation, Equipment Valuation, Residual Value
Level: Level 1

Series: MAY 2012

FA – May 2014 – L1 – SA – Q4 – Accounting Concepts

Defines the depreciable amount of an asset.

Question

What is the cost of an asset or other amount substituted from costs, less its residual value?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Asset Valuation, Depreciation, Residual Value
Level: Level 1

Topic: Accounting Concepts
Series: MAY 2014

FA – May 2017 – L1 – SA – Q7 – Accounting for Property, Plant, and Equipment (IAS 16)

Identifies the correct term for the expected disposal value of a non-current asset.

Question

The expected disposal value of the non-current asset at the end of its expected useful life is called
A. Back-up value
B. Replacement value
C. Carrying amount
D. Residual value
E. Sales value

Answer

Find Related Questions by Tags, levels, etc.

Tags: Depreciation, Non-current Assets, Residual Value
Level: Level 1

Topic: Accounting for Property, Plant, and Equipment (PPE) IAS 16
Series: MAY 2017

FA – May 2012 – L1 – SA – Q20 – Accounting Concepts

Calculating the residual value of an equipment after its useful life.

Question

The following data relate to an equipment acquired by an enterprise:

Cost: N435,600
Expected useful life: 4 years
Annual depreciation: N100,000

What is the residual value of the equipment at the end of its useful life?

A. N35,000
B. N35,600
C. N73,500
D. N83,750
E. N108,000

Answer

Find Related Questions by Tags, levels, etc.

Tags: Depreciation, Equipment Valuation, Residual Value
Level: Level 1

Series: MAY 2012

FA – May 2014 – L1 – SA – Q4 – Accounting Concepts

Defines the depreciable amount of an asset.

Question

What is the cost of an asset or other amount substituted from costs, less its residual value?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Asset Valuation, Depreciation, Residual Value
Level: Level 1

Topic: Accounting Concepts
Series: MAY 2014

FA – May 2017 – L1 – SA – Q7 – Accounting for Property, Plant, and Equipment (IAS 16)

Identifies the correct term for the expected disposal value of a non-current asset.

Question

The expected disposal value of the non-current asset at the end of its expected useful life is called
A. Back-up value
B. Replacement value
C. Carrying amount
D. Residual value
E. Sales value

Answer

Find Related Questions by Tags, levels, etc.

Tags: Depreciation, Non-current Assets, Residual Value
Level: Level 1

Topic: Accounting for Property, Plant, and Equipment (PPE) IAS 16
Series: MAY 2017

Question Tag: Residual Value

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

FA – May 2012 – L1 – SA – Q20 – Accounting Concepts

Calculating the residual value of an equipment after its useful life.

FA – May 2014 – L1 – SA – Q4 – Accounting Concepts

Defines the depreciable amount of an asset.

FA – May 2017 – L1 – SA – Q7 – Accounting for Property, Plant, and Equipment (IAS 16)

Identifies the correct term for the expected disposal value of a non-current asset.

FA – May 2012 – L1 – SA – Q20 – Accounting Concepts

Calculating the residual value of an equipment after its useful life.

FA – May 2014 – L1 – SA – Q4 – Accounting Concepts

Defines the depreciable amount of an asset.

FA – May 2017 – L1 – SA – Q7 – Accounting for Property, Plant, and Equipment (IAS 16)

Identifies the correct term for the expected disposal value of a non-current asset.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: Residual Value

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

FA – May 2012 – L1 – SA – Q20 – Accounting Concepts

Calculating the residual value of an equipment after its useful life.

You're reporting an error for "FA – May 2012 – L1 – SA – Q20 – Accounting Concepts"

FA – May 2014 – L1 – SA – Q4 – Accounting Concepts

Defines the depreciable amount of an asset.

You're reporting an error for "FA – May 2014 – L1 – SA – Q4 – Accounting Concepts"

FA – May 2017 – L1 – SA – Q7 – Accounting for Property, Plant, and Equipment (IAS 16)

Identifies the correct term for the expected disposal value of a non-current asset.

You're reporting an error for "FA – May 2017 – L1 – SA – Q7 – Accounting for Property, Plant, and Equipment (IAS 16)"

FA – May 2012 – L1 – SA – Q20 – Accounting Concepts

Calculating the residual value of an equipment after its useful life.

You're reporting an error for "FA – May 2012 – L1 – SA – Q20 – Accounting Concepts"

FA – May 2014 – L1 – SA – Q4 – Accounting Concepts

Defines the depreciable amount of an asset.

You're reporting an error for "FA – May 2014 – L1 – SA – Q4 – Accounting Concepts"

FA – May 2017 – L1 – SA – Q7 – Accounting for Property, Plant, and Equipment (IAS 16)

Identifies the correct term for the expected disposal value of a non-current asset.

You're reporting an error for "FA – May 2017 – L1 – SA – Q7 – Accounting for Property, Plant, and Equipment (IAS 16)"

Our offerings

Contact Info

Customer

Get In Touch

admin