Accelerated Depreciation Methods

Instructions:

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question 1 of 3

Using the double declining balance method, calculate the depreciation percentage per year of a vehicle with a life expectancy of 4 years.

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1. A computer has a life expectancy of 3 years. Use the sum of the years' digits method to calculate the depreciation percentage for year 2.

2. Use the double declining balance method to calculate the depreciation amount for year 2 of a printer purchased for $40,000 with a life of 10 years.

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About This Quiz & Worksheet

Depreciation means you calculate the loss of value of your equipment. This quiz and corresponding worksheet will test you on your knowledge of two accelerated depreciation methods.

Quiz & Worksheet Goals

In these assessments, you'll be tested on your understanding of the following:

  • Calculating depreciation using the double declining balance method
  • Calculating depreciation using the sum of the years' digits method

Skills Practiced

  • Problem solving- use acquired knowledge to solve depreciation practice problems
  • Distinguishing differences - compare and contrast the double declining balance method and the sum of the years' digits method
  • Knowledge application - use your knowledge to make calculations of depreciation percentages

Additional Learning

To learn more about solving mathematical equations using depreciation methods, review the accompanying lesson on Accelerated Depreciation Methods. This lesson covers the following objectives:

  • Defining depreciation
  • Understanding the concept of accelerated depreciation
  • Utilizing the method in which you double the basic depreciation percentage for the first year
  • Utilizing the method in which the depreciation percentage declines each year based on the life of the item
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