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- Multiple ChoicePlease save your changes before editing any questions.
Depreciation is a loss or decline in value of a physical asset.
True
False
- Fill in the BlankPlease save your changes before editing any questions.
What are the two methods in calculating the depreciation?
- Multiple ChoicePlease save your changes before editing any questions.
Cost is the original price of the assets?
Yes
No
Maybe
- Multiple ChoicePlease save your changes before editing any questions.
The number of years the asset is expected to last (can be used) is....
Time
Useful life
Scrap value
Depreciation
- Multiple ChoicePlease save your changes before editing any questions.
Salvage value is also known as...
Scrap value
depreciation
trade-in value
book value
- Multiple ChoicePlease save your changes before editing any questions.
The value of an asset at the end of its useful life is....
Annual depreciation
Accumulated depreciation
Scrap value
Book value
- Multiple ChoicePlease save your changes before editing any questions.
Below are the descriptions of the total depreciation except...
The total amount that an asset is reduced over its useful life
The difference between the actual cost and the accumulated depreciation
The difference between cost and scrap value
The amount depreciation per annum
- Multiple ChoicePlease save your changes before editing any questions.
Book value is...
The difference between cost and scrap value
The difference between the actual cost and the accumulated depreciation charged until the date
The difference between the actual cost and the annual depreciation
The difference between the actual cost and the total depreciation
- Multiple ChoicePlease save your changes before editing any questions.
Question Try This (2)
C=RM 27000
S=RM7000
n=5
What is the annual rate of depreciation?
23.00%
23.88%
23.66%
23.77%
- Multiple ChoicePlease save your changes before editing any questions.
Question Try This (2)
C=RM 27000
S=RM7000
n=5
What is the book value at the end of 3 years?
RM 12011.70
RM 12000.00
RM 12326.40
RM 11960.28