What do you know about capital assets? It's an opportunity for you to test your knowledge with this capital assets quiz that we have brought for you. A capital asset can be defined as any kind of property that is held by an assets, whether that property is connected with their business or profession or if it's not connected with their business or profession. Here are some trivia questions that will help you know more about capital assets.
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$1,800.
$4,000.
$1,450
$2,000.
$1,750.
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Produce the same total depreciation over an asset's useful life.
Allocate an asset's cost in a systematic and rational manner.
Do not produce the same book value each year.
Are both acceptable for GAAP
All of these answers are correct.
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$18,000.
$22,800.
$26,640.
$36,000.
$49,440.
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$5,375.00.
$2.687.50.
$5,543.75.
$10,750.00.
$2,856.25.
A loss of $2,000.
A gain of $2,000.
A loss of $38,000.
A gain of $20,000.
An expense of $2,000.
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