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Straight-Line Depreciation: Method, Formula & Example

Instructions:

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

question 1 of 3

The following formula depicts which form of depreciation?

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1. At the end of the ten-year usable life period of the Suds-o-Matic, Jason expects to sell the machine for $25,000. What is this value called?

2. Jason deducts $47,500 each year from the value of his equipment. What does this value indicate?

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About This Quiz & Worksheet

Use these study resources to determine what you know about straight-line depreciation. The quiz will get you to answer things on a formula which depicts a certain form of depreciation and analyzing value.

Quiz & Worksheet Goals

This quiz and worksheet will get you to:

  • Assess an indicated value in a given scenario
  • Identify an annual depreciation expense
  • Name an asset with long-term use that depreciates annually

Skills Practiced

Use the worksheet and quiz to practice the following skills:

  • Interpreting information - verify that you can read information regarding an asset with long-term use that depreciates annually and interpret it correctly
  • Information recall - access the knowledge you've gained regarding depreciation
  • Knowledge application - use your knowledge to answer questions about straight-line depreciation

Additional Learning

Read more about straight-line depreciation with this lesson called Straight-Line Depreciation: Method, Formula & Example as it covers the following:

  • Define depreciation
  • Identify annual depreciation value
  • Analyze the example of the Suds-o-Matic 5000
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