Which of the following is an example of indirect expenditure?
Buying a delivery van
Paying for a five-year lease on shop premises in city centre
Adding fuel to a delivery van
Re-paying a loan which was borrowed three years ago
Adding fuel to a delivery van is an example of indirect expenditure.
A company sells an old delivery van for Rs8,000 at the end of the year. The company uses the straight-line depreciation method. The delivery van cost Rs30,000. The accumulated depreciation is Rs20,000. Which of the following is correct
Kamala borrowed Rs. 26400 from a bank to buy a scooter at a rate of 15% p.a. compounded yearly. What amount will she pay at the end of 2 years to clear the loan?