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Chapter 12 of 17
Practice Quiz

Depreciation

NIOS · Class 10 · Accountancy

Practice quiz for Depreciation — NIOS Class 10 Accountancy. MCQs and questions with answers to test your preparation.

61 questions32 flashcards5 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?
Depreciation covers several key topics that are frequently asked in NIOS Class 10 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 — NIOS Class 10 Accountancy?
Understand the core concepts first, then work through the 61 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.

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