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WorksheetsDEPRECIATION
Total questions: 10
Worksheet time: 11mins
The____________ is an accelerated depreciation method that counts as an expense more rapidly
double declining balance method
Sum-of-the-year’s digit
Partial method
straight-line-method
Cost = RM10000, Salvage value = RM2000, Useful life 4 years.
Calculate annual depreciation using straight line method.
(a)
useful life
market value
book value
salvage value
Depreciation = RM2000/year.
Initial Cost = RM10000
NET BOOK VALUE at END of YR 4 =
RM2000
RM8000
RM2500
RM5000
Recording an EQUAL AMOUNT of depreciation expense for a plant asset in EACH YEAR of its useful life.
double declining balance method
straight-line-method
partial method
Sum-of-the-year’s digit
The cost of new machine is RM50,000. Its estimated useful life is 10 years with a salvage value of RM5,500. Find the BOOK VALUE at the end of year 3 using declining balance method.
(a)
Depreciation for business is -
Loss
Gain
Income
Liability
A motorcycle which costs RM12,000 is expected to have useful life of 8 years and a salvage value of RM3,000. Calculate the ACCUMULATED DEPRECIATION of the motorcycle at the end of 4th year using the straight line method.
(a)
The number of years the asset is expected to last (can be used) is....
Time
Useful life
Salvage value
Book value
A company purchase a machine for RM50,000 that is assigned a RM9,000 salvage value and a 5-year useful life. Calculate the depreciation for Year 3 using SOYD method.
(a)
