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Methods of Depreciation - Quiz & Worksheet

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

A camera with a value of $20,000 has a life expectancy of 20 years. What is the percentage each year that you can take using the straight-line depreciation method?

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1. A photocopier has a value of $2,000 and a life of 5 years. What is the percentage depreciation each year using the double declining balance method?

2. A printer worth $30,000 with a life expectancy of 5 years has a yearly depreciation of what using the straight-line depreciation method?

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About This Quiz & Worksheet

Use this quiz/worksheet combination to test your knowledge of methods of depreciation. To pass the quiz, you will need to be familiar with the methods and be able to apply them.

Quiz & Worksheet Goals

In these assessments you will be tested on the following:

  • Straight-line depreciation method
  • Double declining-balance method
  • Production depreciation method

Skills Practiced

The quiz & worksheet will allow students to practice the following skills:

  • Information recall - access the knowledge you've gained regarding the straight-line and double declining-balance method
  • Problem solving - use acquired knowledge to solve production depreciation method practice problems
  • Knowledge application - use your knowledge to answer questions about the double declining-balance depreciation method
  • Making connections - use understanding of the straight-line depreciation method concept

Additional Learning

To learn more, review the accompanying lesson, Methods of Depreciation. The following objectives are covered:

  • Understand the double declining-balance method
  • Define depreciation
  • Review straight-line depreciation
  • Recall the units of production depreciation method
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