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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is depreciation?
💡 Hint: Think about why assets don't keep their original value.
Question 2
Easy
Can you name one cause of depreciation?
💡 Hint: What happens to assets that are used frequently?
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 cause of physical wear and tear?
- A) Technological advancements
- B) Regular usage
- C) Natural aging
💡 Hint: Think of how often an asset is utilized.
Question 2
True or False: Obsolescence occurs because of age alone.
- True
- False
💡 Hint: Consider what makes older technology less desirable.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Analyze a situation where two businesses, both using the same type of machinery, experience different depreciation rates. What causes may be leading to differing depreciation?
💡 Hint: Consider the role of maintenance and usage frequency.
Question 2
You bought a vintage car five years ago for $20,000. Due to advancements in electric vehicles, its value is now estimated at $10,000. Discuss how obsolescence affects its current value.
💡 Hint: Think about the impact of technology on user preference.
Challenge and get performance evaluation