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DP
Question Practice

If an asset has a cost of $5,000, a salvage value of $500, and a useful life of 10 years, what is the total depreciation over its useful life using the straight-line method?

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MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Depreciation, Provisions and Reserves
Question Bank

If an asset has a cost of $5,0...

Single Answer MCQ
Q-00054198

If an asset has a cost of $5,000, a salvage value of $500, and a useful life of 10 years, what is the total depreciation over its useful life using the straight-line method?

1

$500

2

$4,500

3

$5,000

4

$1,000

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Q1.

What is depreciation?

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Q2.

Which method calculates depreciation as a fixed percentage of the book value each year?

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Q3.

What factor does NOT affect the calculation of depreciation?

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Q4.

What is the salvage value in relation to depreciation?

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