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Important Questions

Depreciation

ICSE · Class 11 · Accountancy

Most important questions from Depreciation for ICSE Class 11 Accountancy board exam 2026. MCQs, short answer, and long answer questions with marks.

63 questions40 flashcards5 concepts

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63 Questions·
multiple choicemultiple correct

Sample Questions

1multiple choice
3 marks

A machine was bought for ₹50,000 on 1st January, 2010. A new machine costing ₹60,000 was bought on 1st October, 2012. Depreciation is 10% p.a. on Straight Line basis. What is the depreciation on the new machine for the year 2012-13?

Show answer

₹1,500

Yearly depreciation on the new machine = 10% of ₹60,000 = ₹6,000. It is used for 3 months in 2012-13, so depreciation = ₹6,000 × 3/12 = ₹1,500.

2multiple choice
3 marks

A machine costing ₹70,000 was bought on 1st April, 2012. It is depreciated at 10% p.a. on Straight Line basis. What was the book value on 31st March, 2014?

Show answer

₹56,000

Yearly depreciation = 10% of ₹70,000 = ₹7,000. For two years, total depreciation = ₹14,000. Book value = ₹70,000 − ₹14,000 = ₹56,000.

3multiple choice
3 marks

A machine costing ₹64,000 is depreciated at 10% p.a. on Straight Line basis. If it is sold on 1st July after 3 years, what is the depreciation for the 3 months from 1st April to 1st July in the fourth year?

Show answer

₹1,600

Yearly depreciation = 10% of ₹64,000 = ₹6,400. For 3 months, depreciation = ₹6,400 × 3/12 = ₹1,600.

4multiple choice
3 marks

A machine was bought for ₹1,00,000 on 1st April, 2011. Depreciation is 20% p.a. on Written Down Value. What is the book value after 2 years?

Show answer

₹64,000

Year 1 depreciation = 20% of ₹1,00,000 = ₹20,000, so value = ₹80,000. Year 2 depreciation = 20% of ₹80,000 = ₹16,000, so book value = ₹64,000.

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Frequently Asked Questions

What are the important topics in Depreciation for ICSE Class 11 Accountancy?
Depreciation covers several key topics that are frequently asked in ICSE Class 11 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Depreciation — ICSE Class 11 Accountancy?
Understand the core concepts first, then work through the 63 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.
How many important questions are there in Depreciation?
There are 63 practice questions available for Depreciation. These cover multiple question types including MCQs, short answer, and long answer questions.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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