Practice Methods of Calculating Depreciation - 4.4 | 4. Depreciation | ICSE Class 11 Accountancy
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4.4 - Methods of Calculating Depreciation

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define the Straight-Line Method of depreciation.

💡 Hint: Think of how the cost is divided equally over time.

Question 2

Easy

Explain the Written Down Value Method in a sentence.

💡 Hint: Consider how it changes each year.

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 the Straight-Line Method of depreciation?

  • A method that depreciates assets at different rates each year
  • A method that divides the asset's value equally over its useful life
  • A method that is only used for vehicles

💡 Hint: Think about consistency in reporting.

Question 2

True or False: The Written Down Value Method typically results in higher depreciation expenses in the later years.

  • True
  • False

💡 Hint: Consider how the percentage is applied.

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Challenge Problems

Push your limits with challenges.

Question 1

A piece of machinery is purchased for ₹200,000 and has a salvage value of ₹20,000 with a useful life of 10 years. Calculate the annual depreciation using Straight-Line, Written Down Value (15%), and Sum of the Years' Digits methods.

💡 Hint: Remember to apply each method's formula accurately.

Question 2

An asset has a cost of ₹150,000 with a salvage value of ₹15,000 and a lifespan of 5 years. How would you calculate the depreciation using the Sum of the Years' Digits? Provide the first year's depreciation expense.

💡 Hint: Focus on the sum of the digits and be precise with the fractions.

Challenge and get performance evaluation