Chapter 11: Depreciation (Short Quiz)
Authored by Tuan Ang
Business
8th Grade
Used 7+ times
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10 questions
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1.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
Depreciation is the ____________ of the non-current asset's cost over its estimated useful life.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is the depreciation method used straight-line or reducing-balance?
Straight-line
Reducing-balance
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the amount of net book value as at 31 December 2021
2000
20000
14000
16000
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the depreciation rate (%) used in this table?
5%
10%
15%
20%
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Johnson Trading purchased a motor van for $90,000 on 1 Jan 2019. Depreciation of 20% per annum is to be charged on motor vehicles using the reducing-balance method.
How much is the depreciation expense for the year ended 31 December 2020?
18000
36000
9450
14400
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
How much is the depreciation expense for the year ended 31 December 2020?
16000
8000
12800
10240
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
How much is (a) ?
12500
9375
21875
23750
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