Company Benefits2024-02-14Accountants2024-02-14 Published by Kovács Áron on 2024-02-14 Categories Egyéb Tags Report a question What's wrong with this question? You cannot submit an empty report. Please add some details. 12345678910 Depreciation Advanced Business English practice 10 multiple-choice questions If you log in, you will get the results via email. Category: business-advanced 1. The idea of depreciation is quite straightforward; for instance, a forklift is an operational asset for a company's business, and each year it loses a certain amount of value until at last it is .......... and has no value for the company. unrecognizable irreparable irreplaceable unreliable Category: business-advanced 2. Calculating and .......... for this loss in value of such an asset is called depreciation. subtracting accounting applying disposing Category: business-advanced 3. Almost all companies invest in vehicles, furniture, machinery or buildings, and those that will be used for more than one year are considered .......... assets. permanent sizeable capital durable Category: business-advanced 4. However, the entire cost of such an asset cannot be .......... in the year it is acquired. remaindered reduced deducted deduced Category: business-advanced 5. If a business reduced a single year's income by the total cost of such an asset, it would result in a profit understatement in that year and a profit overstatement during the .......... years. succeeding previous consequent continuous Category: business-advanced 6. For assets that have a useful life of more than one year, the cost must be .......... off over at least two years. reduced written stated carried Category: business-advanced 7. The yearly depreciation for an asset is calculated using its .......... cost and the number of years that it will presumably retain some value. initial gross formal list Category: business-advanced 8. At the end of each year, the annual depreciation is subtracted from the asset's cost; this determines its .......... value, which presumably is the same as its market value. book actual account operational Category: business-advanced 9. Straight .......... depreciation, the most common method of depreciating assets, simply divides the initial cost of an asset by the number of years that it will presumably be of use. forward line measure ahead Category: business-advanced 10. The .......... balance method presumes that the asset depreciates more when it is newer and less as it ages and wears. descending declining discarding depleting Your score is The average score is 0% LinkedIn Facebook Twitter Restart quiz Share0 Kovács Áron Comments are closed.