(A) Capitalized
(B) Part of manufacturing overheads
(C) Written-off to costing profit and loss account
(D) Part of prime cost
Category: Economics Mcqs
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Which of the following is not included in the objectives of maintenance of plant and machinery ?
(A) Reducing idle time
(B) Reducing breakdown
(C) Maintaining efficiency
(D) Increasing life
Types of maintenance include the following except :
(A) Routine
(B) Overhaul
(C) Emergency
(D) Periodic
Which of the following methods of depreciation results in fixed per unit cost of depreciation ?
(A) Straight line
(B) Reducing balance
(C) Sinking fund
(D) Production unit
Depreciation on plant and machinery is :
(A) Not a cash cost, so is ignored in the cost accounts
(B) Part of manufacturing overheads
(C) Part of prime cost
(D) Always calculated using the straight-line method
For computing depreciation of an asset, the factors that are taken into consideration include the following except :
(A) Historical cost
(B) Expected useful life
(C) Insurance premium
(D) Estimated residual value
Which of the following does not influence the useful life of an asset ?
(A) Expected physical wear and tear
(B) Cost of the asset
(C) Obsolescence
(D) Legal or other limits on the use of the asset
Depreciation is a :
(A) Measure of consumption of assets
(B) Process of allocation and not of valuation
(C) Wear and tear due to use and/or lapse of time
(D) All of the above