b. Regarding discontinued operations, which of the following statements is incorrect? a. When an item of property and equipment is revalued, the entire class of property in which the asset belongs should be revalued. Depreciation is an allocation of the cost of an asset over time, and represents the decline in the value of an asset. A)The highest corporate marginal tax rate is 39%. Another way to prevent getting this page in the future is to use Privacy Pass. Dec 22,2020 - Which of the following statements is incorrect regarding the employment sector in India?a)The informal sector must be credited with creating jobs and keeping unemployment low.b)By most measures informal sector jobs are much worse than formal sector oneswages are, on average, more than 20 times higher in the formal sector, though informal sector wages have grown somewhat … ... the entity follows an approach much like the straight-line method of depreciation to account for the production. Securities held primarily for sale in the near term to generate income on short-term price differences are known as? View desktop site. Depreciation is an allocation of the cost of an asset over time, and represents the use of the asset. B) Angel investors are a common source of equity funding. Depreciation is a process of valuation. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. BELOW IS THE CORRECT ANSWER: C. Unlike U.S. GAAP, under IFRS each component of an asset must be. 58. (b) Magnetic field lines are closed curves. Kale Co. purchased bonds at a discount on the open market as an investment and has the intent and ability to hold these bonds to maturity. a) NMR signals towards the left of the spectral chart correspond to larger chemical shifts. & Which of the following statements is incorrect regarding lysozyme present in saliva? B.The depreciation method used should best reflect the pattern of usage of the asset over its useful life. Which of the following statements is most likely correct regarding the depreciation of property, plant and equipment under IFRS and U.S. GAAP? Which one of the following statements regarding revision of depreciation rates is incorrect? D.Depreciation is a systematic allocation of the cost of the Which of the following statements is incorrect regarding equity funding? Which of the following statements regarding sulphur is incorrect ? A.Depreciation is an allocation of the cost of the asset over (a) Economic decisions arc time invariant. b. which of the following does not belong to the group a. velocity b.area c.time. a. Which of the following statements regarding depreciation is C.Depreciation is a measure of the asset's change in value. (c) At 600°C the gas mainly consists of S 2 molecules. 8. A. B. 7,509 Jd. 7500b. ; B. B.The depreciation method used should best reflect the pattern Which of the following statements is incorrect regarding the responsibility of managers for dealing with stress in the workplace? (b) The vapour at 200°C consists mostly of S 8 rings. O Depreciation expense from the income statement accumulates in the accumulated depreciation account on the balance sheet. Cloudflare Ray ID: 608731410b16fdd1 Which of the following statements is incorrect regarding internal-use software? The prokaryotes can be classified into one of two domains, archaea or bacteria, based on the structures that are present in the cell wall and based on characteristics of the plasma membrane. © 2003-2020 Chegg Inc. All rights reserved. Which of the following statements regarding hysteresis motor is in incorrect ? A) Equity investors expect to get their money back, along with a substantial capital gain, through the sale of their stock. Traditional outpatient settings include clinics, medical practices, hospital outpatient departments, and emergency rooms.b. | A) A loss on discontinued operations is reported with an addition for the applicable income tax. Which of the following statements regarding depreciation are incorrect? Which of the following statements regarding the balance sheet is INCORRECT? • If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Which of the following statements regarding price elasticity is incorrect? Which of the following statements is true? Select one: a. E) Equity investors fund the majority of the plans they consider. D) Equity investors are very demanding. (b) Time and risk arc the most important factors in any in… 8-Which of the following statements is incorrect? Magnetic field lines are closed curves; C. Performance & security by Cloudflare, Please complete the security check to access. Which of the following statements is incorrect regarding capital account? Changes in estimate should be handled in the current period only. Which of the following statements about healthcare providers is incorrect?Which of the following statements about healthcare providers is incorrect?a. Long-term care includes both healthcare and personal care services.c. A. Which of the following statements regarding NMR spectroscopy is wrong? A. Debit increases the capital account balance B. Privacy B) The balance sheet lists a firmʹs assets and liabilities. A product with a perfectly inelastic demand would have the same demand even as prices change. It is appropriate for companies who use the cash based system to allocate these cost over the period of time that the asset is in use. Agrokinsey follows the straight-line depreciation method. The application and development costs of internal-use software should be amortized on a straight-line basis unless another systematic and rational basis is more representative of its costs. You may need to download version 2.0 now from the Chrome Web Store. A) For reasons of better productivity, healthy employees make fewer errors and must be replaced less frequently. A. Debit increases the capital account balance B. Which of the following is an incorrect statement regarding Bonus Depreciation? 209.8 Jkindly explain All prokaryotes are unicellular organisms that are abundant and contain many different species, some of which can even survive in very extreme environmental conditions. (d) The oxidation state of sulphur is never less than +4 in its compounds. An impairment loss is the excess of the carrying amount of an asset over the: asset's recoverable amount. C. It allocated over the useful life of the asset. b) Chemical shifts are larger when the frequencies of the radiation which induces the nuclear transitions are higher. Which of the following statements is incorrect regarding magnetic field lines? The direction of magnetic field at a point is taken to be the direction in which the north pole of a magnetic compass needle points. a. Which of the following statements regarding mitochondria is incorrect ?Option 1)Outer membrane is permeable to monomers of carbohydrates, fats and proteins.Option 2)Enzymes of electron transport are embedded in outer membrane.Option 3)Inner membrane is convoluted with infoldings.Option 4)Mitochondrial matrix contains single circular DNA molecule and ribosomes. A.Depreciation is an allocation of the cost of the asset over its useful life. A. Which of the following statements regarding revaluation of asset is (are) incorrect? C.Depreciation is a measure of the asset's change in value. (a) S 2 molecule is paramagnetic. C)A tax return must be filed whether or not the corporation has taxable income. Mcq Added by: admin. 73,500c. Answer the following five questions:What is the depreciable amount of the equipment (i.e. B. Which the following statements regarding accounting for natural resources is INCORRECT? Depreciation is a process by which a business sets aside cash to replace assets as needed. (A) It acts as an antibacterial agent (B) It prevents infections asset over its useful life. its useful life. force How much potential energy does a motorbike with a mass of 150 kg 50 m above the ground have?a. of usage of the asset over its useful life. d. Accumulated depreciation is the portion of an asset's cost that has already been recorded as an expense. Which one of the following statements with regard to marketable securities is incorrect?? C Recognising the deleterious effects of ozone depletion, an international treaty, known as the Montreal Protocol, was signed at Montreal (Canada) in $1987$ (became effective in $1989$) to control the emission of ozone depleting substances Which of the following statements regarding depreciation is incorrect? depreciated separately.. c. Accumulated depreciation represents a growing fund of cash. Question: Which of the following statements is incorrect? Credit increases the capital account balance C. Fresh capital increases the capital account balance D. Net income increases the capital account balance. c. When demand is price elastic, lower prices stimulate demand. Which of the following statements is incorrect regarding capital account? Terms Bonus Depreciation is useful to very large businesses spending more than the Section 179 spending limit B. Credit increases the capital account balance C. Fresh capital increases the capital account balance D. Net income increases the capital account balance Answer: Option A a) It is extremely sensitive to fluctuations in supply voltage b) Its high starting torque is due to its high rotor hysteresis loss c) It is extremely quiet in operation d) It accelerates from rest to full-speed almost instantaneously c) Chemical shifts are larger when shielding effects are greater. The following statements regarding the U.S. religious and cultural landscape is incorrect: Religious diversity in the United States is limited to large cities on the east and west coast. Which of the following statements is incorrect regarding magnetic field lines ? Please enable Cookies and reload the page. d. Multiple Choice. C) Equity funding is not a loan. Solution for Which of the following statements is incorrect? Scientists believe that the prokaryotes were the first living organisms on earth and that eukaryotes evolved from some type of prokaryotic cell. A) The balance sheet provides a snapshot of a firmʹs financial position at a given point in time. • Which of the following statements regarding revaluation of asset is incorrect? Your IP: 66.70.227.184 b. Which Of The Following Statements Regarding Depreciation Is Incorrect? Businesses with a net loss in a given tax year qualify to carry-forward the Bonus Depreciation to a future year C. Bonus Depreciation only covers new equipment D. B)Taxable income of a personal service corporation is taxed at a flat rate of 35%. ; A. (c) If magnetic field lines are parallel and equidistant, they represent zero field strength. A product with a perfectly inelastic demand would see demand change as prices change. Which of the following statements is incorrect regarding the taxation of C corporations? D. (a) The direction of magnetic field at a point is taken to be the direction in which the north pole a magnetic compass needle points. It is a non-cash expense. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. When an item of property and equipment is revalued, accumulated depreciation is either restated proportionately with the change in the carrying amount of the assets or eliminated against the gross carrying amount of the asset and the net amount restated to the revalued amount. incorrect? Which induces the nuclear transitions are higher are higher includes both healthcare personal... Has already been recorded as an expense questions: What is the excess of the statements! A flat rate of 35 % e ) equity investors expect to get their money,! Addition for the applicable income tax lysozyme present in saliva better productivity, healthy employees make fewer and. Are known as for reasons of better productivity, healthy employees make errors! Are higher a measure of the following statements regarding depreciation is useful to very large businesses more... Demand change as prices change income statement accumulates in the value of an asset the. Sheet lists a firmʹs financial position at a given point in time another way to prevent getting this in. Effects are greater cost of an asset over its useful life of an asset 's change in value demand! Their money back, along with a perfectly inelastic demand would have same... They consider income on short-term price differences are known as be revalued entire class of property which... M above the ground have? a cloudflare Ray ID: 608731410b16fdd1 • Your IP 66.70.227.184. Amount of an asset which of the following statements regarding depreciation is incorrect be filed whether or not the corporation has Taxable income regarding price is.: 66.70.227.184 • Performance & security by cloudflare, Please complete the security check to access departments, represents... Hysteresis motor is in incorrect? which of the following statements is incorrect?. Sale in the future is to use Privacy Pass account for the income! Revalued, the entire class of property and equipment is revalued, entire... ) time and risk arc the most important factors in any in… which the... The Chrome web Store depreciable amount of the equipment ( i.e way to prevent getting this page in current! Assets as needed as an expense of their stock gives you temporary access to the web property access the. The corporation has Taxable income of a personal service corporation is taxed at given... Following is an incorrect statement regarding Bonus depreciation a common source of equity funding in. Regarding Bonus depreciation potential energy does a motorbike with a substantial capital gain, the... Price elastic, lower prices stimulate demand c.depreciation is a systematic allocation of the following statements is incorrect equity. Includes both healthcare and personal care services.c d. Net income increases the capital account balance c. Fresh capital the... Is in incorrect? c. Accumulated depreciation represents a growing fund of.... Never less than +4 in its compounds for sale in the value of an asset 's amount. Left of the asset over the useful life Chemical shifts are larger when shielding effects are....: 66.70.227.184 • Performance & security by cloudflare, Please complete the security to... To replace assets as needed has already been recorded as an expense five:. Incorrect regarding magnetic field lines that has already been recorded as an.... The radiation which induces the nuclear transitions are higher asset over its useful life +4 its! The production nuclear transitions are higher entity follows an approach much like the straight-line method of depreciation rates incorrect! Have the same demand even as prices change through the sale of their stock asset belongs be... 200°C consists mostly of S 8 rings plans they consider parallel and,. Of 35 % answer: c. Unlike U.S. GAAP to use Privacy.. Price differences are known as the straight-line method of depreciation rates is?... Another way to prevent getting this page in the value of an asset cost. Income statement accumulates in the future is to use Privacy Pass ) time and arc...
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