← SetsAccounting Principles — Set 4
0 of 10
Accounting Principles Practice Questions — Set 4
10 free Accounting Principles reviewer questions with answers and explanations. Pindutin ang sagot mo para makita agad kung tama — kasama na ang paliwanag. Set 4 of 10.
31
Land is typically not depreciated because it:
32
Which asset is considered intangible?
33
Equipment costing ₱240,000 with 4-year life and zero salvage using double-declining balance has Year 1 depreciation of?
34
Which account represents the original cost of equipment?
35
What happens when an asset is fully depreciated but still in use?
36
Which are classified as current liabilities?
37
What is the key difference between liabilities and equity?
38
A ₱1,000,000 note payable due in 3 years is classified as?
39
When a company declares a ₱50,000 cash dividend, what is the immediate effect?
40