
Depreciation
Authored by Alison Tucker
Business
12th Grade
Used 13+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the purpose of depreciation?
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which type of depreciation is used to calculate the value of an asset over its estimated useful life?
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the formula for straight-line depreciation?
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is NOT an example of an intangible asset?
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the maximum amount of depreciation that can be claimed in a single year?
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the purpose of the salvage value of an asset?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the value of an asset at the end of its useful life?
Salvage value
Residual value
Depreciated value
Book value
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