{"id":54178,"date":"2024-04-16T00:05:46","date_gmt":"2024-04-16T00:05:46","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=54178"},"modified":"2024-04-16T00:05:46","modified_gmt":"2024-04-16T00:05:46","slug":"match-the-items-given-in-list-a-with-the-items-given-in-list-b-and-check-your-answer-list-a-list-b-a-leasehold-asset-1-depletion-b-oil-wells-2-amortisation-c-loose-tools-3-fluctuation-d-stock","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/match-the-items-given-in-list-a-with-the-items-given-in-list-b-and-check-your-answer-list-a-list-b-a-leasehold-asset-1-depletion-b-oil-wells-2-amortisation-c-loose-tools-3-fluctuation-d-stock\/","title":{"rendered":"Match the items given in List-A with the items given in List-B and check your answer: List-A List-B a. Leasehold asset 1. Depletion b. Oil wells 2. Amortisation c. Loose Tools 3. Fluctuation d. Stock 4. Revaluation"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a97d9e87c80d\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"true\">\r\n                    a-2, b-1, c-4, d-3                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    a-1, b-2, c-4, d-3                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    a-3, b-1, c-2, d-4                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    a-1, b-4, c-2, d-3                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: A. a-2, b-1, c-4, d-3<\/p>\n<p>Leasehold assets are amortized over the lease term. Oil wells are depleted over the estimated <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> productive life of the well. Loose tools are not amortized or depleted, but are instead expensed when they are purchased. Stock is not amortized or depleted, but is instead valued at the lower of cost or market value.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li>Option A: a-2, b-1, c-4, d-3. This is the correct answer. Leasehold assets are amortized over the lease term. Oil wells are depleted over the estimated productive life of the well. <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> Loose tools are not amortized or depleted, but are instead expensed when they are purchased. Stock is not amortized or depleted, but is instead valued at the lower of cost or market value.<\/li>\n<li>Option B: a-1, b-2, c-4, d-3. This is incorrect. Loose tools are not amortized or depleted, but are instead expensed when they are purchased.<\/li>\n<li>Option C: a-3, b-1, c-2, d-4. This is incorrect. Loose tools are not amortized or depleted, but are instead expensed when they are purchased.<\/li>\n<li>Option D: a-1, b-4, c-2, d-3. This is incorrect. Loose tools are not amortized or depleted, but are instead expensed when they are purchased.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Match the items given in List-A with the items given in List-B and check your answer: List-A List-B a. 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