Quizalize logo
placeholder image to represent content

Final Quiz Of EEM

Quiz by Rashmi K

Feel free to use or edit a copy

includes Teacher and Student dashboards

Measure skills
from any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

With a free account, teachers can
  • edit the questions
  • save a copy for later
  • start a class game
  • automatically assign follow-up activities based on students’ scores
  • assign as homework
  • share a link with colleagues
  • print as a bubble sheet

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
50 questions
Show answers
  • Q1
    What is the meaning of depreciation?
    An increase in the value of an asset over time
    A decrease in the value of an asset over time
    A temporary increase in the value of an asset
    A constant value of an asset over time
    30s
  • Q2
    What is the formula for straight-line depreciation?
    Cost * Useful life
    Cost + Salvage value
    (Cost - Salvage value) / Useful life
    Salvage value / Useful life
    30s
  • Q3
    What is economic depreciation?
    A decrease in the value of an asset due to changes in the legal system
    A decrease in the value of an asset due to changes in the market
    A decrease in the usefulness of an asset due to physical wear and tear
    A decrease in the value of an asset due to technological advancements
    30s
  • Q4
    Which method of computing depreciation allocates an equal amount of depreciation expense to each period?
    Declining balance method
    Sinking fund method
    Sum of year's digits method
    Straight line method
    30s
  • Q5
    Which method of computing depreciation sets aside a fund each year to replace an asset when it reaches the end of its useful life?
    Straight line method
    Declining balance method
    Sum of year's digits method
    Sinking fund method
    30s
  • Q6
    Which method of computing depreciation results in a higher book value at the end of an asset's useful life?
    Sum of year's digits method
    Sinking fund method
    Straight line method
    Declining balance method
    30s
  • Q7
    Which method of computing depreciation is most appropriate for assets that are expected to generate higher cash flows in the earlier years of their useful life?
    Straight line method
    Sinking fund method
    Declining balance method
    Sum of year's digits method
    30s
  • Q8
    Which of the following formulas is used for the Declining balance method of depreciation?
    Cost of asset / Useful life
    2 * (Cost of asset - Salvage value) / Useful life
    (Cost of asset - Salvage value) / Useful life
    Book value * Rate of depreciation
    30s
  • Q9
    Which of the following formulas is used for the Sum of year's digits method of depreciation?
    (Remaining useful life / Sum of digits of years) * (Cost of asset - Salvage value)
    (Remaining useful life / Sum of digits of years) * Salvage value
    (Cost of asset - Salvage value) / Useful life
    (Remaining useful life / Sum of digits of years) * Cost of asset
    30s
  • Q10
    Which of the following formulas is used for the Sinking fund method of depreciation?
    Cost of asset * Interest rate * Present value factor
    Salvage value * Interest rate * Present value factor
    (Cost of asset - Salvage value) / Useful life
    Periodic deposit = Present value of cost / Sinking fund
    30s
  • Q11
    What is the formula to calculate BEQ?
    BEQ = (P + VC) / FC
    BEQ = FC / (P - VC)
    BEQ = P / (FC - VC)
    BEQ = TC / P
    30s
  • Q12
    What is the breakeven point?
    The point where total revenue is greater than total cost
    The point where total revenue is less than total cost
    A point where no sales are made
    The point where total revenue equals total cost
    30s
  • Q13
    What is the breakeven analysis used for?
    To determine the advertising budget for a product
    To determine the sales volume a product needs to cover all of its costs
    To determine the minimum price a product can be sold for
    To determine the maximum price a product can be sold for
    30s
  • Q14
    What happens when the sales volume is below the BEQ?
    The company earns a profit
    The company incurs losses
    The company shuts down
    The company breaks even
    30s
  • Q15
    What is the formula to calculate BEP in units?
    BEP (units) = TC / P
    BEP (units) = (P + VC) / FC
    BEP (units) = FC / (P - VC)
    BEP (units) = P / (FC - VC)
    30s

Teachers give this quiz to your class