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Depreciation Test Questions
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Avg score: 40% • Most missed: “What is the principal objective of Depreciation?”

In accountancy, depreciation is a term that refers to two aspects of the same concept: first, the actual decrease of fair value of an asset, such as the decrease in value of factory equipment each year.
Basically, Depreciation is a process of deducting the cost of an asset over its useful life.

Depreciation Test Questions
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20 Questions

1. What is the Declining Balance Method?
2. Define Depreciation?
3. Depreciation on machinery will be debited in which account?
4. What is Salvage Value?
5. What is the Unit of Production Method?
6. What is the Unit of Production Method?
7. The Depreciation remains constant according to which method?
8. What is the Straight-Line Method?
9. What is Sum of Years Digit?
10. Depreciation under Diminishing Balance Method is calculated on?
11. What is physical deterioration?
12. Define Depreciation?
13. What is Scrap Value?
14. What is the Declining Balance Method?
15. What is the principal objective of Depreciation?
16. What is Sum of Years Digit?
17. What is Depreciable Value?
18. The Depreciation remains constant according to which method?
19. What is physical deterioration?
20. Define Market Value?

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