Category: IC46 GENERAL INSURANCE ACCOUNTS PREPARATION – 19

Que. 1 : Q1) What refers to the expected time that the asset will be productive for its expected purpose?    1.  a) Useful Life    2.  b) Salvage value    3.  c) Asset Cost    4.  d) Placed in Service Que. 2 : Q2) Which of the following statements is incorrect?    1.  a) Cash flow from operating activities can be calculated by using the direct […]