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EMI, CAGR & Depreciation · Question 53 of 66

Question 53

EasyOriginal question

An asset is depreciated by ₹22,000 a year by the linear method. What is the total depreciation after 4 years?

Options for question 53

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. The linear method takes the same amount off every year.

  2. 4×22,000=88,0004 \times 22{,}000 = 88{,}000 rupees.

Worth noting

₹22,000 is one year's depreciation only.

Concept
Accumulated depreciation
Typical time
60 s
Your time
—
The rule this testsLinear depreciation
Practise this chapter →

Ten questions from EMI, CAGR & Depreciation, at your own pace.

Practise this chapter →

Ten questions from EMI, CAGR & Depreciation, at your own pace.