Question

Pick out the correct statement.

a.

Difference between income and expense is termed as gross revenue.

b.

Unamortised cost is the difference between the original cost of a property and all the depreciation charges made to date.

c.

Sum-of-the-years-digits methods of depreciation calculation accounts for the interest on the investment.

d.

Scrap value is the net amount of money obtainable from the sale of used property over and above any charges involved in its removal & sale.

Answer: (b).Unamortised cost is the difference between the original cost of a property and all the depreciation charges made to date.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. Pick out the correct statement.

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. Optimum number of effects in a multiple effect evaporator is decided by the

Q. Which of the following is the costliest source of getting hydrogen on commercial scale for the manufacture of nitrogeneous fertiliser ?

Q. Cost of piping in a fluid processing unit (e.g., distillation) of a chemical process plant is about __________ percent of the fixed capital investment.

Q. Which of the following is the cheaptest material of construction for the storage of sodium hydroxide upto a concentration of 75% ?

Q. The value of a property decreases __________ with time in straight line method of determining depreciation.

Q. A present sum of Rs. 100 at the end of one year, with half yearly rate of interest at 10%, will be Rs.

Q. Maximum production start up cost for making a chemical plant operational is about __________ percent of the fixed capital cost.

Q. Which of the following is not a mathematical method for evaluation of profitability of a chemical process plant ?

Q. Generally, income taxes are based on the

Q. A balance sheet for an industrial concern shows

Q. Chemical engineering plant cost index is used for finding the present cost of a particular chemical plant, if the cost of similar plant at some time in the past is known.

The present cost of the plant = original cost   x (index value at present/index value at the time original cost was obtained)

The most major component of this cost index is

Q. Purchased cost of equipments for a chemical process plant ranges from __________ percent of the fixed capital investment.

Q. In a chemical process plant, the total product cost comprises of manufacturing cost and the

Q. With increase in the discounted cash flow rate of return, the ratio of the total present value to the initial investment of a given project

Q. __________ of depreciation calculation does not take into account the interest on investments.

Q. Optimum economic pipe diameter for fluid is determined by the

Q. Pick out the wrong statement.

Q. Which of the following is not a current asset of a chemical company ?

Q. Which of the following is not a component of the fixed capital for a chemical plant facility?

Q. Functional depreciation of an equipment is the measure of decrease in its value due to its

Recommended Subjects

Are you eager to expand your knowledge beyond Basic Chemical Engineering? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!