Depreciation — Study Plan
ICSE · Class 11 · Accountancy
A step-by-step study plan for Depreciation, ICSE Class 11 Accountancy: what to learn first, what to practise and when to revise.
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Study Plan
Learn the Theory
Read the textbook chapter carefully. Note down definitions, formulas and key ideas. Focus on: 1. Meaning, Nature, and Characteristics of Depreciation, 2. Causes of Depreciation, 3. Need or Objectives of Providing Depreciation.
Practise
Solve the textbook exercises and extra practice questions. There are 63 questions available for this chapter.
Revise & Test
Revise key points without looking at your notes. Take a practice quiz and mark weak areas for another pass.
Spaced Revision
Come back to Depreciation after a week. Use flashcards for quick recall and try past exam questions on this chapter.
What to Focus On
- Depreciation applies to tangible fixed assets, not to land.
- It is gradual, permanent, and non-cash in nature.
- It is a charge against profit.
- Depreciation is permanent and continuous.
- Wear and tear is a main cause.
- Obsolescence is loss of usefulness due to new methods or technology.
- Depletion is for wasting natural resources.
- Amortization is for intangible assets.
- Dilapidation is linked with leased property restoration.
Common Mistakes to Avoid
Depreciation means a fall in market value of an asset.
Land is also depreciated because it is a fixed asset.
Depreciation is an exact calculation, so the amount can be found perfectly.
Memory Tips
Meaning of depreciation
Land is not depreciated
Main causes of depreciation
Wear and tear due to constant use
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Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
More resources for Depreciation
Practice Quiz
Test yourself with a quick quiz
Important Questions
Exam-style questions with answers
Revision Notes
Key points for last-minute revision
Formula Sheet
The chapter's formulas in one place
Chapter Summary
Understand the chapter at a glance
Concept Maps
See how topics connect
Flashcards
Quick-fire cards for active recall
Syllabus
What topics to cover
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