Information systems and engineering economics MCQs | Page - 21

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Mr. Dubey • 97.86K Points
Coach

Q. Group of assets falling within a class of assets comprising of tangible & intangible assets is known as :

  • (A) group of assets
  • (B) 20%
  • (C) 100%
  • (D) 15%
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M

Mr. Dubey • 97.86K Points
Coach

Q. Depreciation available, if the asset is used for less than 180 days during the year of acquisition shall be of block rate:

  • (A) 50%
  • (B) 15%
  • (C) 20
  • (D) 10%
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M

Mr. Dubey • 97.86K Points
Coach

Q. If the Plant & Machinery is used for less than 180 days in the year of its acquisition, then, at what rate the depreciation on that asset should be provided under section 32?

  • (A) 7.5%
  • (B) 7.5%
  • (C) 15%
  • (D) 10%
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M

Mr. Dubey • 97.86K Points
Coach

Q. If the machinery is purchased on 4th October, 2018 then at what rate depreciation will be provided on it?

  • (A) 60%
  • (B) slump sale
  • (C) aggregate sale
  • (D) total sale
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M

Mr. Dubey • 97.86K Points
Coach

Q. The transfer of one or more undertakings as a result of the sale for a lump sum consideration without values being assigned to the individual assets and liabilities in the sale is known as :

  • (A) lump sum sale
  • (B) 10%
  • (C) 100%
  • (D) 40%
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M

Mr. Dubey • 97.86K Points
Coach

Q. Rate of depreciation chargeable on fully temporary wooden structure for the assessment year 2019-20 is

  • (A) 5%
  • (B) 10%
  • (C) 100%
  • (D) 50%
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M

Mr. Dubey • 97.86K Points
Coach

Q. Rate of depreciation chargeable on temporary wooden structure for the assessment year 2019- 20 is - A. 40% B. 10% C. 100% D. 50%.

  • (A) 40%
  • (B) rs.75,000
  • (C) rs.37,500
  • (D) rs.1,21,500
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M

Mr. Dubey • 97.86K Points
Coach

Q. DS acquired a building for Rs. ` 15 lakh in June, 2016 in addition to cost of land beneath the building of ` 3 lakh. It was used for personal purposes until he commenced business in June, 2018 and since then it was used for business purposes. The amount of depreciation eligible in his case for the assessment year 2019-20 would be -

  • (A) rs.1,50,000
  • (B) rs.`4,92,500
  • (C) rs.` 3,92,500 88
  • (D) rs.` 3,52,500
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M

Mr. Dubey • 97.86K Points
Coach

Q. Productivity is a ratio of outputs (products or services) to ____________.

  • (A) profits generated
  • (B) sales price
  • (C) inputs consumed
  • (D) behaviour effectiveness
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M

Mr. Dubey • 97.86K Points
Coach

Q. "Doing the right things" is referred to as ____________.

  • (A) effectiveness
  • (B) efficiency
  • (C) productivity
  • (D) profitability
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