AET in the Classroom-LP 1 Financial Applications Quiz
Quiz
•
Other
•
9th - 12th Grade
•
Hard
Mary Wilson
Used 236+ times
FREE Resource
Student preview
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
An example for breeding animals is usually 5 to 10 years,
equipment 10 years and buildings usually have a 20-year
useful life.
Capital Item Usage
Capital Item Salvage Value
Capital Item Manager (Non-current Inventor)
Capital Item Useful Life
2.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
An example is a laptop in one year is 50% for breeding beef and 50% for a research project.
Capital Item Usage
Capital Item Salvage Value
Capital Item Manager (Non-current Inventory)
Capital Item Useful Life
3.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
A laptop costs $800 but is estimated to be valued at $650 at the end of use.
Capital Item Usage
Capital Item Salvage Value
Capital Item Manager (Non-current Inventory)
Capital Item Useful Life
4.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Examples are showing the usage or selling items such as tractors, show box, stall equipment and other related items used to support several projects across several years.
Capital Item Usage
Capital Item Salvage Value
Capital Item Manager (Non-currently Inventory)
Capital Item Useful Life
5.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Which of the following is a Non-Current Inventory (Capital Items)?
Student has a poinsettia project and purchases $400 in plants, $100 in pots and soil, which gives the student a current inventory of $500.
An asset that includes breeding animals, show tack, lawn mowers, barns, land, trailers and other high-value items.
Items for a show animal project such as the animal, feed or supplies, capital items and cash-on-hand prior to the first agricultural education class.
6.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Which of the following is an example of Beginning Inventory?
Items for a show animal project such as the animal, feed or supplies, capital items and cash-on-hand prior to the first agricultural education class.
An asset that includes breeding animals, show tack, lawn mowers, barns, land, trailers and other high-value items.
Student has a poinsettia project and purchases $400 in plants, $100 in pots and soil, which gives the student a current inventory of $500.
7.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Which of the following is an example of Current Inventory?
Student has a poinsettia project and purchases $400 in plants, $100 in pots and soil, which gives the student a current inventory of $500.
Items for a show animal project such as the animal, feed or supplies, capital items and cash-on-hand prior to the first agricultural education class.
An asset that includes breeding animals, show tack, lawn mowers, barns, land, trailers and other high-value items.
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