Depreciation

Depreciation

Assessment

Assessment

Created by

Gudang Garment

Business

9th Grade

25 plays

Hard

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21 questions

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1.

Multiple Choice

30 sec

1 pt

How depreciation affect business?

Non-current asset decrease

Depreciation expense

Non-current asset increase

Depreciation expense

2.

Multiple Choice

30 sec

1 pt

How depreciation and provision of depreciation differs?

Depreciation expense is in income statement while Provision for depreciation is statement of financial position

Depreciation expense is in statement of financial position while Provision for depreciation is income statement

3.

Multiple Choice

30 sec

1 pt

How depreciation and provision of depreciation differs?

depreciation is only for current year while provision for depreciation is depreciation from the beginning until the current (accumulated/total)

provision for depreciation is only for current year while depreciation is from the beginning until the current (accumulated)

4.

Multiple Choice

30 sec

1 pt

What is net book value?

Non-current asset - Depreciation

Non-current asset - Provision for depreciation

5.

Multiple Choice

30 sec

1 pt

What is net book value?

the worth of the non-current asset as it has been depreciated

Approximate value of Non-current asset by the ower

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