Practice Depreciation - 4 | 4. Depreciation | ICSE Class 11 Accountancy
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is depreciation?

💡 Hint: Think about what happens to an asset as it is used over many years.

Question 2

Easy

Name one method used to calculate depreciation.

💡 Hint: Consider what we discussed regarding the calculation methods.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is depreciation?

💡 Hint: Think of the aging process of assets.

Question 2

The Straight-Line Method results in _____ depreciation for each year of an asset's life.

  • Variable
  • Consistent
  • Accelerated

💡 Hint: Consider how consistent payments are made.

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Challenge Problems

Push your limits with challenges.

Question 1

An airplane originally costs ₹10,00,000 and has a salvage value of ₹1,00,000 with an estimated useful life of 10 years. Calculate the annual depreciation using the Straight-Line Method and the Written Down Value Method at 15% for the first year.

💡 Hint: Apply the formulas for both methods and remember to use the updated book value for WDV.

Question 2

Discuss how changing technology impacts the depreciation of office equipment, using specific examples.

💡 Hint: Think of specific technologies and how quickly they evolve.

Challenge and get performance evaluation