Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is depreciation?
💡 Hint: Think about how businesses expense their assets over time.
Question 2
Easy
What does DDB stand for in depreciation?
💡 Hint: It's a method that allows quick expensing of an asset.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the primary reason for switching from DDB to Straight-Line?
- To comply with tax laws
- To increase expenses
- To avoid reporting book value below salvage value
💡 Hint: Think about the outcomes of each method on financial reports.
Question 2
True or False: Switching depreciation methods is uncommon in accounting.
- True
- False
💡 Hint: Consider industry practices in asset management.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A company purchased equipment for $50,000 with a salvage value of $5,000 and a useful life of 10 years. They initially used the DDB method, which led to a depreciation of $8,000 in the first year. How much depreciation should be reported if they switch to Straight-Line after the second year?
💡 Hint: Calculate total depreciation first, then adjust for the years used.
Question 2
If an asset with an initial cost of $100,000, salvage of $15,000, depreciates normally under DDB, but switches to Straight-Line after 4 years due to book value reaching below salvage value, compute the values at the end of 4 years and determine the necessary adjustments needed when switching methods.
💡 Hint: Use the built data year by year to determine if switching is necessary.
Challenge and get performance evaluation