Home › Courses › ACCA Knowledge Level › Financial Accounting › DepreciationACCA Knowledge Level Depreciation — practice questions Explore 2 free Depreciation questions in ACCA Knowledge Level Financial Accounting. Open each question or exercise to read its content, reference answers and available explanation.
Practise Depreciation with Quill → Depreciation questions and exercises with answers Showing questions 1–2 of 2.
Worked practice questions Profit or Position? (ACCA FA) Read exercise and reference answers Questions A Cost £20,000 B Carrying amount £14,000 Higher value Cost £20,000 A Annual straight-line charge £2,000 B Reducing-balance Yr2 charge £1,600 Higher value Annual straight-line charge £2,000 A Accumulated depreciation £6,000 B Carrying amount £4,000 Higher value Accumulated depreciation £6,000 A Residual value £2,000 B Scrap proceeds £900 Higher value Residual value £2,000 A Depreciable amount £18,000 B Residual value £2,000 Higher value Depreciable amount £18,000 Instructions Tap the higher amount. Open this exercise →
Depreciation Formula (ACCA FA) Read exercise and reference answers Missing parts Answer residual value Choices residual value carrying amount market value Answer useful life Choices useful life current year tax rate Complete the statement Annual charge = (Cost - {0}) / {1}. Instructions Complete the straight-line depreciation formula. Open this exercise →
How to practise Choose a Depreciation question and try to work out your answer. Open the question to check the correct answer and read its worked solution. Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account. More Financial Accounting topics 
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