KASNEB CPA Foundation Level (Kenya) · Financial Accounting

Depreciation

11 practice questions, each with the answer and an explanation.

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Random questions from this topic, one at a time. You see the answer and the explanation straight after each one.

All 11 questions

  1. A machine costing KSh 1,200,000 has an expected residual value of KSh 200,000 after 5 years. Using the straight-line method, what is the annual depreciation?
  2. A machine costing KSh 800,000 has an expected residual value of KSh 50,000 after 5 years. Using the straight-line method, what is the annual depreciation?
  3. A machine costing KSh 450,000 has an expected residual value of KSh 30,000 after 7 years. Using the straight-line method, what is the annual depreciation?
  4. A machine costing KSh 2,400,000 has an expected residual value of KSh 400,000 after 8 years. Using the straight-line method, what is the annual depreciation?
  5. A machine costing KSh 600,000 has an expected residual value of KSh 60,000 after 6 years. Using the straight-line method, what is the annual depreciation?
  6. A machine costing KSh 950,000 has an expected residual value of KSh 150,000 after 4 years. Using the straight-line method, what is the annual depreciation?
  7. A vehicle bought for KSh 500,000 is depreciated at 20% per year on the reducing balance method. What is its net book value at the end of year 2?
  8. A vehicle bought for KSh 800,000 is depreciated at 25% per year on the reducing balance method. What is its net book value at the end of year 2?
  9. A vehicle bought for KSh 1,000,000 is depreciated at 10% per year on the reducing balance method. What is its net book value at the end of year 2?
  10. A vehicle bought for KSh 640,000 is depreciated at 25% per year on the reducing balance method. What is its net book value at the end of year 2?
  11. A vehicle bought for KSh 300,000 is depreciated at 20% per year on the reducing balance method. What is its net book value at the end of year 2?

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