Chapter 11: Depreciation (Short Quiz)

Chapter 11: Depreciation (Short Quiz)

8th Grade

10 Qs

quiz-placeholder

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Chapter 11: Depreciation (Short Quiz)

Chapter 11: Depreciation (Short Quiz)

Assessment

Quiz

Business

8th Grade

Medium

Created by

Tuan Ang

Used 7+ times

FREE Resource

10 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Depreciation is the ____________ of the non-current asset's cost over its estimated useful life.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Is the depreciation method used straight-line or reducing-balance?

Straight-line

Reducing-balance

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

What is the amount of net book value as at 31 December 2021

2000

20000

14000

16000

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

What is the depreciation rate (%) used in this table?

5%

10%

15%

20%

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Johnson Trading purchased a motor van for $90,000 on 1 Jan 2019. Depreciation of 20% per annum is to be charged on motor vehicles using the reducing-balance method.

How much is the depreciation expense for the year ended 31 December 2020?

18000

36000

9450

14400

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

How much is the depreciation expense for the year ended 31 December 2020?

16000

8000

12800

10240

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

How much is (a) ?

12500

9375

21875

23750

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