Depreciation: Straight-Line & Declining-Balance (Grade 11)
Free printable Grade 11 General Mathematics worksheet on straight-line and declining-balance depreciation, with computed book values. Aligned to ACARA Senior Secondary General Mathematics (ACMGM074).
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Grade 11 · Math worksheet
Name
Date
Math
Consumer Finance: Depreciation (Straight-Line & Declining-Balance)
Straight-line depreciation removes a constant (cost - salvage)/life each year. Declining-balance depreciation gives value = cost x (1 - r)^t. Round money to the nearest cent.
- 1.Equipment costing $13,000.00 is depreciated by the STRAIGHT-LINE method to a salvage value of $0.00 over 10 years. Find the annual depreciation, and the book value after 8 years.
- 2.Equipment costing $25,000.00 is depreciated by the STRAIGHT-LINE method to a salvage value of $1,000.00 over 5 years. Find the annual depreciation, and the book value after 2 years.
- 3.Equipment costing $30,000.00 is depreciated by the STRAIGHT-LINE method to a salvage value of $2,000.00 over 4 years. Find the annual depreciation, and the book value after 1 year.
- 4.Equipment costing $33,000.00 is depreciated by the STRAIGHT-LINE method to a salvage value of $1,000.00 over 4 years. Find the annual depreciation, and the book value after 3 years.
- 5.A vehicle costing $45,000.00 depreciates by 20% each year using the DECLINING-BALANCE method. Find its book value after 5 years (to the nearest cent).
- 6.A vehicle costing $11,000.00 depreciates by 30% each year using the DECLINING-BALANCE method. Find its book value after 4 years (to the nearest cent).
- 7.A vehicle costing $17,000.00 depreciates by 15% each year using the DECLINING-BALANCE method. Find its book value after 5 years (to the nearest cent).
- 8.A vehicle costing $31,000.00 depreciates by 10% each year using the DECLINING-BALANCE method. Find its book value after 3 years (to the nearest cent).
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