Monthly Archives: March 2021

MCQs on Depreciation Quizzes & Multiple Choice Questions on Depreciation Accounting

Let’s say you need to determine the depreciation of a delivery truck. It has a salvage value of $3,000, a depreciable base of $27,000, and a five-year useful life. When determining how to calculate straight-line depreciation, the formula shows that an asset depreciates by the same amount each year. The government encourages capital investment by […]