Lesson ProgressPhase 4 of 6
Phase 4Independent Practice
Independent Practice: Straight-Line Depreciation
Algorithmic practice on straight-line schedules with mastery target of 5 consecutive correct
Deliberate Practice: Straight-Line Schedules
Now it is time to practice until the method feels automatic. Each round gives you a new asset with different numbers. Your job is to calculate the annual expense, accumulated depreciation, and book value for a specific year.
Target: Get 5 consecutive correct answers to show mastery of straight-line depreciation. Use the "Show Example" button if you need a reminder of the formula before you submit.
Straight-Line Depreciation — Schedule Practice
Calculate the annual expense, accumulated depreciation, and book value for a given year. Target: 5 consecutive correct answers.
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TechStart purchased a packaging machine for $37,866.
Cost
$37,866
Useful Life
11 yrs
Salvage Value
$2,487
Calculate depreciation for Year 6 using the straight-line method.
Key Reminders
- Always subtract salvage value before dividing
- Annual expense is the same every year
- Accumulated depreciation grows each year
- Book value shrinks each year
Common Mistakes
- Forgetting to subtract salvage value
- Dividing cost by the wrong number of years
- Confusing accumulated depreciation with book value
- Changing the annual expense each year