Practice - Depreciation
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Practice Questions
Test your understanding with targeted questions
What is depreciation?
💡 Hint: Think about what happens to an asset as it is used over many years.
Name one method used to calculate depreciation.
💡 Hint: Consider what we discussed regarding the calculation methods.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is depreciation?
💡 Hint: Think of the aging process of assets.
The Straight-Line Method results in _____ depreciation for each year of an asset's life.
💡 Hint: Consider how consistent payments are made.
2 more questions available
Challenge Problems
Push your limits with advanced challenges
An airplane originally costs ₹10,00,000 and has a salvage value of ₹1,00,000 with an estimated useful life of 10 years. Calculate the annual depreciation using the Straight-Line Method and the Written Down Value Method at 15% for the first year.
💡 Hint: Apply the formulas for both methods and remember to use the updated book value for WDV.
Discuss how changing technology impacts the depreciation of office equipment, using specific examples.
💡 Hint: Think of specific technologies and how quickly they evolve.
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