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Fixed assets and inventory
Financial Analyst
Fixed assets and inventory questions
16 questions on Fixed assets and inventory for financial analysts, easiest first.
Easy
8
Yearly straight-line depreciation
easy
Inventory measurement rule
easy
Cost formula not permitted
easy
Straight-line depreciation charge
easy
GST paid on raw materials
easy
Goods in transit at year-end
easy
Stock sent on consignment
easy
Abnormal wastage in production
easy
Medium
6
Second-year WDV depreciation
medium
Writing stock down to NRV
medium
FIFO when costs are rising
medium
A closing stock error over two years
medium
Revising an asset's useful life
medium
Switching from FIFO to average cost
medium
Hard
2
Three-statement effect of depreciation
hard
Building stock to lift profit
hard
