What is the formula for calculating depreciation in SLM Method? – McqOptions

MCQOPTIONS

1.	What is the formula for calculating depreciation in SLM Method?
A.	Cost+Scrap/No of Yrs
B.	Scrap-Cost/No of yrs
C.	Cost - Scrap/Useful Life
D.	None of these
Answer» D. None of these

Discussion

No Comment Found

Related MCQs

What is the formula for calculating depreciation in SLM Method?
Which is correct.I)Dr. the receiver,Cr. the GiverII)Dr. what goes out,Cr. what comes inIII)Dr. all Expenses,Cr.All Losses
According to which principle the same accounting methods should be used each year:
Arun is a Book-seller, which item will be goods for his business ?
4 oct Opening balance=500 units @Rs 20 each, 5 Oct:Purchase=1000 units @Rs 15 ,6 Oct Sales=500 units.What will be rate at which the sales unit will be valued as per weighted avg method?
What are the two statements prepared for summarising the transactions? I)Balance Sheet II)Journal III)P&L IV)Cash Book
The respective normal account balances of Sales, Sales Returns , and Discounts allowed are?
In the books of account if a transaction is completely deleted, will it affect the trial balance?
Trial balance is not a conclusive proof of accuracy due to which errors.I)Error of omissionII)Error of PrincipleIII)Error of CommissionIV)Compensatory Errors
Which of the following is not the external user of accounting information?