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Important Questions

Depreciation — Important Questions

NIOS · Class 10 · Accountancy

61 important questions from Depreciation for NIOS Class 10 Accountancy, with answers. Includes multiple choice and multiple correct questions.

61 questions32 flashcards3 formulas & key relations5 concepts

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61 Questions·
multiple choicemultiple correct

Important Questions from Depreciation

1multiple choice
3 marks

A truck was purchased for ₹8,00,000 on 1 October 2008. Depreciation is 20% per year by the written down value method. What is the depreciation for the first 3 months up to 31 December 2008?

Show answer

₹40,000

Annual depreciation = 20% of ₹8,00,000 = ₹1,60,000. For 3 months, depreciation = ₹1,60,000 × 3/12 = ₹40,000.

2multiple choice
3 marks

A truck costs ₹8,00,000 and depreciation is 20% on written down value. After the first 3 months, what is the closing book value on 31 December 2008?

Show answer

₹7,60,000

Opening value = ₹8,00,000. Depreciation for 3 months = ₹40,000. Closing book value = ₹8,00,000 - ₹40,000 = ₹7,60,000.

3multiple choice
3 marks

A machine had an opening book value of ₹7,60,000 and depreciation at 20% WDV was charged for one full year. What is the depreciation for that year?

Show answer

₹1,52,000

Depreciation = 20% of ₹7,60,000 = ₹1,52,000.

4multiple choice
3 marks

A truck had a book value of ₹6,08,000 on 1 January 2010 and the depreciation rate is 20% WDV. What is the depreciation for 3 months up to 1 April 2010?

Show answer

₹30,400

Annual depreciation = 20% of ₹6,08,000 = ₹1,21,600. For 3 months, depreciation = ₹1,21,600 × 3/12 = ₹30,400.

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Frequently Asked Questions

What are the important topics in Depreciation for NIOS Class 10 Accountancy?
Key topics in Depreciation include Meaning and Nature of Depreciation, Objectives and Factors Affecting Depreciation, Methods of Charging Depreciation, Merits, Demerits, and Comparison of Methods. Study these first, then practise questions on each for the NIOS Class 10 board exam.
How many important questions are there in Depreciation?
Super Tutor has 61 practice questions for Depreciation, including multiple choice, multiple correct questions. A sample with answers is on this page.

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

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