# Partial-Year Depreciation & Changes in Estimates

Instructions:

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

question 1 of 3

### An item has an original cost of \$5,000 and an estimated lifetime of 5 years. Calculate a full-year depreciation.

Start Your Free Trial To Take This Quiz

As a member, you'll also get unlimited access to over 75,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

It only takes a few minutes to set up and you can cancel at any time.

### 2. What is the full year depreciation for a car that was purchased for \$20,000 with a life expectancy of 20 years?

Start your free trial to access this entire page
A premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started

## About This Quiz & Worksheet

Partial-year depreciation, which actually results in a change of estimated value of some business property, refers to the depreciation of an item for part of the year, and this quiz/worksheet combo will help you test your knowledge on this topic. The questions on the quiz will test you on full-year depreciation, partial-year depreciation, and changes in estimate.

## Quiz & Worksheet Goals

In these assessments, you'll be tested on:

• Your understanding of full-year depreciation
• Your knowledge of partial-year depreciation
• Identifying the amount of depreciation
• Recognizing changes in estimates

## Skills Practiced

This quiz and worksheet will allow you to test your skills in the following areas:

• Reading comprehension - ensure that you draw and retain the most important information on depreciation and changes in estimates from the related lesson on this topic
• Making connections - use your understanding of the concept of depreciation
• Problem solving - use your acquired knowledge to solve practice problems involving both full- and partial-year depreciation
• Information recall - access the knowledge you've gained regarding depreciation and changes in estimates

## Additional Learning

To learn more about this topic, review the accompanying lesson on partial-year depreciation and changes in estimates. This lesson covers the following objectives:

• Define depreciation
• Differentiate between full- and partial-year depreciation
• Define changes in estimates
• Understand how to use these concepts to ensure you're paying the right amount in taxes each year
Final Exam
Chapter Exam

Support