Q1. An assets has useful life of 4 years. It is Depreacited by WDV. method its book value at the end of 4 year is 24% of its original cost have, hence tha rates of depreciation will be applied.
Q2. X & Y entered in to Joint Venture Profit Ration Equally. X Provides goods from his stock Rs. 20000/- and he pay expenses amounting to Z Rs. 20,000/-. Y incurs further expenses on carriage for Rs. 3000/-., he recevied Cash Sale for Rs. 35000/- he also takes our goods to the value of Rs. 5000/- what will be the amount to be remmited by X to Y.
Q3. What stock valuation method best matches the Cost of Goods Sold with current replacement Cost. LIFO or FIFO.
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