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Home ▶ My courses ▶ ENGR-301-2192-H ▶ 17 November - 23 November ▶ Assignment 8
Started on Friday, 22 November 2019, 12:40 PM
State Finished
Completed on Friday, 22 November 2019, 3:30 PM
Time taken 2 hours 49 mins
Marks 15.00/18.00
Grade 8.33 out of 10.00 (83%)
Question 1 What is depreciation?
Correct
Select one:
Mark 1.00 out of
1.00 a. The tendency of money in a bank account to lose value over time.
b. The decline in value of a future good due to the time we have to wait to receive
that good.
c. The loss in an asset's value over time.
d. The accumulation of money in an interest-bearing account over time.
e. The decline in value of expected future income, due to inflation.
Your answer is correct.
The correct answer is: The loss in an asset's value over time.
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Question 2 What is functional loss?
Correct
Select one:
Mark 1.00 out of
1.00 a. Functional loss occurs when the asset wears out due to being used for its
intended function.
b. Functional loss occurs when the asset can still perform its original function, but
that function is no longer valued.
c. Functional loss occurs when the asset can still perform its function despite a loss
in its market value.
d.
Functional loss occurs when the asset becomes unusable due to misuse.
e. Functional loss occurs when the asset wears out due to the passage of time,
whether or not it is used.
Your answer is correct.
The correct answer is: Functional loss occurs when the asset can still perform its original
function, but that function is no longer valued.
Question 3 The depreciation model needed for corporate tax calculations in Canada is:
Incorrect
Select one:
Mark 0.00 out of
1.00 a. sum-of-year's digits.
b. capital cost allowance
c. double declining-balance
d. straight-line
e. declining balance
Your answer is incorrect.
The correct answer is: capital cost allowance
/
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Home ▶ My courses ▶ ENGR-301-2192-H ▶ 17 November - 23 November ▶ Assignment 8
Started on Friday, 22 November 2019, 12:40 PM
State Finished
Completed on Friday, 22 November 2019, 3:30 PM
Time taken 2 hours 49 mins
Marks 15.00/18.00
Grade 8.33 out of 10.00 (83%)
Question 1 What is depreciation?
Correct
Select one:
Mark 1.00 out of
1.00 a. The tendency of money in a bank account to lose value over time.
b. The decline in value of a future good due to the time we have to wait to receive
that good.
c. The loss in an asset's value over time.
d. The accumulation of money in an interest-bearing account over time.
e. The decline in value of expected future income, due to inflation.
Your answer is correct.
The correct answer is: The loss in an asset's value over time.
/
messages.downloaded_by
, lOMoARcPSD|49115842
Question 2 What is functional loss?
Correct
Select one:
Mark 1.00 out of
1.00 a. Functional loss occurs when the asset wears out due to being used for its
intended function.
b. Functional loss occurs when the asset can still perform its original function, but
that function is no longer valued.
c. Functional loss occurs when the asset can still perform its function despite a loss
in its market value.
d.
Functional loss occurs when the asset becomes unusable due to misuse.
e. Functional loss occurs when the asset wears out due to the passage of time,
whether or not it is used.
Your answer is correct.
The correct answer is: Functional loss occurs when the asset can still perform its original
function, but that function is no longer valued.
Question 3 The depreciation model needed for corporate tax calculations in Canada is:
Incorrect
Select one:
Mark 0.00 out of
1.00 a. sum-of-year's digits.
b. capital cost allowance
c. double declining-balance
d. straight-line
e. declining balance
Your answer is incorrect.
The correct answer is: capital cost allowance
/
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