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← SetsBusiness Mathematics — Set 8
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Business Mathematics Practice Questions — Set 8

10 free Business Mathematics reviewer questions with answers and explanations. Pindutin ang sagot mo para makita agad kung tama — kasama na ang paliwanag. Set 8 of 8.

71

What is depreciation?

72

What is the straight-line depreciation formula?

73

A delivery truck costs ₱600,000 with salvage value of ₱100,000 and 5-year life. What is annual straight-line depreciation?

74

What is salvage value (residual value)?

75

What is book value of an asset?

76

Equipment costing ₱300,000 has been depreciated ₱180,000. What is the book value?

77

What is declining balance depreciation?

78

What is the double-declining balance rate for an asset with 5-year useful life?

79

What is units-of-production depreciation based on?

80

Why is depreciation important for businesses?