Car Depreciation

Car Depreciation

9th - 12th Grade

10 Qs

quiz-placeholder

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Car Depreciation

Car Depreciation

Assessment

Quiz

Life Skills

9th - 12th Grade

Practice Problem

Medium

CCSS
RI.11-12.3, RI.11-12.5, RI.8.5

+2

Standards-aligned

Created by

Jude Platukis

Used 10+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

A disadvantage of buying a new car is it loses value faster than a used car. This is called

Capital gain

Inflation

Depreciation

Amortization

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Which is NOT an expense of owning a car?

Repairs & maintenance

Gasoline

License & registration fees

Utilities

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The term __________ refers to a decrease in the value of property as a result of use and age

capitalized cost reduction

decprecitation

amortization

residual value

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most common form of auto financing is a(n) _______.

lease

rental agreement

installment loan

cash sale

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

a piece of paper that proves who owns the car

tag
title
tax

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

if you have to get a loan to purchase a vehicle it's known as...

financing
proof of insurance
cash payment

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

APR means the same as...

deductible
interest
financing

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