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Chapter 12 of 17
Practice Quiz

Depreciation — Practice Quiz

NIOS · Class 10 · Accountancy

Try a 4-question quiz on Depreciation for NIOS Class 10 Accountancy: tap an answer to check it and see why. 61 questions in the full chapter test.

61 questions32 flashcards3 formulas & key relations5 concepts

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Quick Quiz: Depreciation

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1

A machine was purchased for ₹1,00,000 and the scrap value is ₹10,000. Its useful life is 10 years. Under the straight line method, what is the annual depreciation?

2

A generator costs ₹5,10,500 and its scrap value is ₹60,000. Its useful life is 10 years. What is the depreciable value?

3

A machine was bought for ₹1,20,000 and its estimated scrap value is ₹20,000. Its useful life is 10 years. Under the straight line method, what is the depreciation for each year?

4

A machine costs ₹1,00,000 and the annual depreciation is ₹9,000 under the straight line method. What is the rate of depreciation?

61 Questions·
multiple choicemultiple correct

Sample Questions

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 practice questions are there for Depreciation?
There are 61 questions on Depreciation. Try the 4-question sample quiz on this page first; each answer shows an explanation when you tap it.

Sources & Official References

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

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