Depreciation
Authored by Brian Moyo
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9th - 12th Grade
Used 2+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 3 pts
Other name for reducing balance method
Diminishing balance method
Straight line method
Revaluation method
Revaluation method
2.
MULTIPLE CHOICE QUESTION
20 sec • 3 pts
Which 1 is not a cause of depreciation
Time passage
Depletion
Disposal
Wear and tear
3.
MULTIPLE CHOICE QUESTION
20 sec • 3 pts
Depreciation only affects
Purchases
Fixed assets
Current assets
Sales
4.
MULTIPLE CHOICE QUESTION
20 sec • 3 pts
Answer true or false. There are three methods of calculating depreciation
True
False
5.
MULTIPLE CHOICE QUESTION
20 sec • 3 pts
Which method of calculating depreciation multiplies rate by cost every year?
Revaluation method
Straight line method
Diminishing method
Reducing balance method
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