Skip to main content
Super TutorResources
Chapter 13 of 28
QuestionsNotesFlashcardsSummaryFormulasQuizConceptsSyllabusPlan
Syllabus

Depreciation

ICSE · Class 11 · Accountancy

Complete topic list for Depreciation in ICSE Class 11 Accountancy. Key concepts, sub-topics, and what to focus on for board exams.

63 questions40 flashcards5 concepts

Interactive on Super Tutor

Studying Depreciation? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for syllabus and more.

Try Super Tutor — Free

1,000+ Class 11 students started this chapter today

4 Topics · ICSE Class 11 Accountancy

Topics in Depreciation

1

1. Meaning, Nature, and Characteristics of Depreciation

  • Depreciation is the gradual and permanent decrease in the value of an asset from any cause.
  • It is a permanent decline in the nature of an asset.
  • It applies to tangible fixed assets except land.
2

2. Causes of Depreciation

  • Wear and tear due to constant use is a main cause of depreciation.
  • Assets like lease, copyright, and patent lose value due to expiry of fixed legal life.
  • Obsolescence is loss of usefulness due to improved production methods or new inventions.
3

3. Need or Objectives of Providing Depreciation

  • It helps ascertain true profits because depreciation is an expense like wages, salary, and rent.
  • It gives a true and fair view of financial position in the balance sheet.
  • Depreciation amounts retained in business help create funds for replacement of assets.
4

4. Factors Affecting the Amount of Depreciation

  • Cost of asset includes invoice price less trade discount plus all expenses up to installation.
  • Scrap value is the residual, break up, or salvage value expected at the end of useful life.
  • Effective, commercial, or legal life, whichever is shorter, is used for depreciation.

Key Concepts

Central concept: Depreciation in Accountancy

Meaning of depreciationDefinitions of depreciationCharacteristics of depreciationCauses of depreciationNeed or objectives of providing depreciationSimilar termsFactors affecting amount of depreciationMethods of charging depreciation

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.

Sources & Official References

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

More resources for Depreciation

All 28 chapters — ICSE Class 11 Accountancy Syllabus

For serious students

Get the full Depreciation chapter — for free.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for ICSE Class 11 Accountancy.

Try Super Tutor Free
Try the full chapter — Free