Which of the following is not included in intangible assets?
Doğru Cevap!
Yanlış Cevap!
Doğru Cevap: A) Plant
On 31 April 2017, A company purchased equipment for 200.000 TL. The company issued a note for the amount. The note has 8 months maturity and 10% interest rate, and total interest and principal amount is due on maturity. Which of the following is true about the first journal entry to be made according to this information?
Doğru Cevap: C) Notes Payable credited 100.000
Which of the following is not accurate information about why companies invest?
Doğru Cevap: B) A company may also invest cash in the debt or equity securities of another company.
A company removes the engines of 5 of its vehicles to extend their useful life. Then, it changes the oil in the engines of another 5 vehicles. In this case, which of the following is true?
Doğru Cevap: D) The first expenditure is added to the cost of the asset.
A company makes an expenditure for a building it owns, and this extends the useful life of the building. How will this company record this expenditure in the journal?
Doğru Cevap: B) Records as an asset.
How are the long-term liability installments that are due within the coming year classified?
Doğru Cevap: B) Current Portion of Long Term Loan
They are long-lived assets They are reported under current assets section of balance sheet. Their values fluctuate highly because their benefits are based on competition. Which of the statements above is true for intangible assets?
Doğru Cevap: C) I and III
Which statement is false?
Doğru Cevap: C) Depreciation creates a fund to replace the asset at the end of its useful life.
