Simple and Compound Depreciation (Grade 11 NSC Matric Mathematics): Flashcards
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Definition of depreciation
Definition of depreciation
Decrease in value of asset over time due to usage, age & wear
Simple depreciation - what stays constant?
Simple depreciation - what stays constant?
Same rand amount lost each year
Simple depreciation formula
Simple depreciation formula
Compound depreciation - what stays constant?
Compound depreciation - what stays constant?
Same percentage of current value lost each year
Compound depreciation formula
Compound depreciation formula
Alternative name for simple depreciation
Alternative name for simple depreciation
Straight-line depreciation
Alternative name for compound depreciation
Alternative name for compound depreciation
Reducing-balance depreciation
Compound depreciation: does asset reach zero?
Compound depreciation: does asset reach zero?
No, always retains some value
Method giving lower final value
Method giving lower final value
Simple depreciation
Most realistic depreciation method
Most realistic depreciation method
Compound depreciation