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8.04 Straight line depreciation

Interactive practice questions

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

a

Complete the following table:

Year Price (dollars)
$0$0 $33000$33000
$1$1 $\editable{}$
$2$2 $\editable{}$
$3$3 $\editable{}$
$4$4 $\editable{}$
$5$5 $\editable{}$
b

By this calculation method, will the car ever be worth nothing?

Yes

A

No

B
c

This depreciation method is known as:

Straight Line Depreciation

A

Constant Change Depreciation

B

Declining Balance Depreciation

C

Zero Return Depreciation

D
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

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
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Outcomes

MS11-5

models relevant financial situations using appropriate tools

MS11-6

makes predictions about everyday situations based on simple mathematical models

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