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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Identify the Straight Line Method formula.
💡 Hint: What is the effect of the residual value?
Question 2
Easy
What is the key feature of the WDV method?
💡 Hint: Think about how it changes over time.
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 formula for Straight Line Method?
- (Cost - Residual) / Useful Life
- (Cost + Residual) / Useful Life
- (Cost x Residual) / Useful Life
💡 Hint: Which method evenly distributes depreciation?
Question 2
Does WDV method lead to higher depreciation in earlier years?
- True
- False
💡 Hint: Consider how asset efficiency changes over time.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Calculate the depreciation for a machine that costs $150,000, with a residual value of $25,000 and a useful life of 15 years, using all four methods.
💡 Hint: Calculate each step methodically for better accuracy.
Question 2
A company plans to use an asset for 8 years, costing $80,000 with a $10,000 residual value. Calculate depreciation using SLM, WDV, and Units of Production if used for 12,000 units in that year.
💡 Hint: Keep in mind to check unit production for accuracy quotients.
Challenge and get performance evaluation