Simple and Compound Depreciation (Grade 11 NSC Matric Mathematics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is depreciation?
What is depreciation?
Decrease in asset value over time
In simple depreciation, what remains constant each year?
In simple depreciation, what remains constant each year?
The rand amount lost
In compound depreciation, what remains constant each year?
In compound depreciation, what remains constant each year?
The percentage lost
Which formula represents simple depreciation?
Which formula represents simple depreciation?
Which formula represents compound depreciation?
Which formula represents compound depreciation?
A car worth R240000 depreciates at 15% p.a. using simple method. Value after 5 years?
A car worth R240000 depreciates at 15% p.a. using simple method. Value after 5 years?
R60000
A tractor worth R60000 depreciates at 20% p.a. reducing-balance. Value after 5 years?
A tractor worth R60000 depreciates at 20% p.a. reducing-balance. Value after 5 years?
R19660.80
Which method usually gives a lower final value?
Which method usually gives a lower final value?
Simple depreciation
What type of graph does simple depreciation create?
What type of graph does simple depreciation create?
A straight line
In compound depreciation, what happens to the asset value?
In compound depreciation, what happens to the asset value?
Never reaches zero