Depreciation (Leaving Cert Mathematics): Quizzes
📚Quizzes
Practise the questions
11 questions from this quiz
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Practise the questions
11 questions from this quiz
What is depreciation?
What is depreciation?
Reduction in asset value over time
Which asset commonly depreciates in value?
Which asset commonly depreciates in value?
Motor vehicles
In , what does represent?
In , what does represent?
Value after years
In the depreciation formula , what does represent?
In the depreciation formula , what does represent?
Initial value
Why does depreciation use subtraction in instead of addition?
Why does depreciation use subtraction in instead of addition?
Asset loses value each year
A car costs €20,000 and depreciates at 10% per year. Value after 2 years?
A car costs €20,000 and depreciates at 10% per year. Value after 2 years?
€16,200
What is the straight line depreciation formula?
What is the straight line depreciation formula?
In the straight line formula , what does represent?
In the straight line formula , what does represent?
Scrap value
Asset costs €10,000, scrap value €1,000, life 3 years. Annual depreciation?
Asset costs €10,000, scrap value €1,000, life 3 years. Annual depreciation?
€3,000
When is the straight-line method typically used?
When is the straight-line method typically used?
For assets losing value evenly
When is the reducing balance method typically used?
When is the reducing balance method typically used?
For vehicles