Multiple Choice
The depreciation on an asset purchased through hire purchase should be:
A) should be straight line only
B) based on the cost price of the asset only
C) based on the total cost including interest
D) no depreciation should be provide until the final payment is made
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q14: The amount of interest is credited by
Q15: Under hire purchase system, the agreement can
Q16: Ownership of goods under hire purchase agreement
Q17: The Sale of Goods Act is applicable
Q18: The decision is Garner Vs Murray was
Q19: Under hire purchase system, the retail price
Q20: At the time of dissolution all the
Q21: The advance amount under hire purchase system
Q23: Under hire purchase system, interest is calculated
Q24: If the firm stops making repayments and