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.
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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 44: Cash Receipts and Payments Transactions Quiz
- Quiz 60: Straight Line Method of Depreciation
- Quiz 46: Accounting Classification Quiz
- Quiz 55: Capital or Revenue Expenditure 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 in 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 BSc from Loughborough University.