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AustraliaVIC
VCE 12 General 2023

5.03 Depreciation

Interactive practice questions

A car is originally worth $\$26300$$26300 and depreciates by $\$2000$$2000 per year. Find the value of the car after 3 years.

Easy
< 1min

A 2012 Holden Commodore is priced at $\$33000$$33000 and depreciates by approximately $\$4000$$4000 per year.

Easy
2min

The spectator attendance at an annual sporting event was recorded for four consecutive years from its first year of running: $44500$44500, $43800$43800, $43100$43100, $42400$42400

Easy
1min

It is estimated that a house purchased for $\$254500$$254500 will depreciate by an average of $\$9400$$9400 each year.

Easy
1min
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Outcomes

U3.AoS2.2

the use of first-order linear recurrence relations to model flat rate and unit cost, and reduce balance depreciation of an asset over time, including the rule for the future value of the asset after 𝑛 depreciation periods

U3.AoS2.6

demonstrate the use of a recurrence relation to determine the depreciating value of an asset or the future value of an investment or a loan after 𝑛 time periods for the initial sequence

U3.AoS2.4

the use of first-order linear recurrence relations to model compound interest investments and loans, and the flat rate, unit cost and reducing balance methods for depreciating assets, reducing balance loans, annuities, perpetuities and annuity investments

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