The annual depreciation expense recorded for the third year using the double...

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Business English Lesson, Advanced Level

ESL/EFL Test #156 "Depreciation", question 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.

(a) irreparable
(b) irreplaceable
(c) unrecognizable
(d) unreliable

Business English Lesson, Advanced Level

ESL/EFL Test #156 "Depreciation", answer 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 irreparable and has no value for the company.

Correct answer: (a) irreparable
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A Plant Asset cost $96,000 and is estimated to have a $12,000 salvage value at the end of it's 8 year useful life. The annual depreciation expense recorded for the third year using the double-declining- balance method would be?

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