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WorksheetsDEPRECIATION PART 2 3E
Total questions: 10
Worksheet time: 2mins
Name
Class
Date
1.
DEPRECIATION = allocation of cost of non-current asset over its useful life.
a)
TRUE
b)
FALSE
2.
% x (Cost - Accumulated depreciation)
a)
STRAIGHT LINE METHOD
b)
REDUCING BALANCE METHOD
3.
% of NET BOOK VALUE =
a)
Straight Line method
b)
Reducing-balance method
4.
Cost = $10000. Scrap value = $2000 Useful life 4 years.
Depreciation =
a)
$2000/year
b)
$2500/year
5.
Depreciation = $2000/ year.
Cost = $10000
NET BOOK VALUE at END of YR 4 =
a)
$2000
b)
$8000
6.
Net book value = can be NEGATIVE
a)
True
b)
False
7.
Accumulated depreciation INCREASE =
a)
COST DECREASE
b)
NET BOOK VALUE DECREASE
8.
Choose the depreciation method that is
a)
EASIER
b)
REFLECT PATTERN OF USAGE OF NCA
9.
ACCUMULATED Depreciation =
a)
expense
b)
income
c)
NONE of the above
10.
ACCUMULATED depreciation = appear in statement of financial
a)
PERFORMANCE
b)
POSITION
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