Test your knowledge of double entry bookkeeping with our declining balance method of depreciation quiz.
Declining balance depreciation is one method of calculating the depreciation expense on long term assets such as property, plant, and equipment. The method is sometimes referred to as the reducing balance method or the diminishing balance method of depreciation.
Not Ready for the Quiz?
If you need a refresher course on the use of the declining balance method of depreciation, take a look at our tutorial on the subject and our basics of bookkeeping tutorials.
Our declining balance depreciation calculator is available if you need assistance in completing the quiz.
Start the Declining Balance Method of Depreciation Quiz
For each question click on an answer to reveal whether its Right! or Wrong.
Try Another Double Entry Bookkeeping Quiz
This declining balance method of depreciation quiz is one of many of our online quizzes which are used to test your knowledge of double entry bookkeeping, discover another at the links below.
- Quiz 37: Debit Credit In Accounting Quiz
- Quiz 53: Identify the Debit Entry
- Quiz 20: Chart of Accounts Quiz
- Quiz 3: Debits and Credits Quiz
About the Author
Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University.