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Depreciation

NIOS · Class 10 · Accountancy

Complete topic list for Depreciation in NIOS Class 10 Accountancy. Key concepts, sub-topics, and what to focus on for board exams.

61 questions32 flashcards5 concepts

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4 Topics · NIOS Class 10 Accountancy

Topics in Depreciation

1

Meaning and Nature of Depreciation

  • Depreciation is the portion of the cost of fixed assets charged each year as expense.
  • Fixed assets are not treated as goods or as a one-year expense because they provide benefits for more than one year.
  • Fixed assets are also called long term assets.
2

Objectives and Factors Affecting Depreciation

  • One objective of depreciation is to show the true financial position of the business.
  • Another objective of depreciation is to retain funds in the business for replacement of the asset.
  • Cost of asset includes all expenses incurred before the asset is first put to use.
3

Methods of Charging Depreciation

  • The two main methods are Straight Line Method and Diminishing Balance Method.
  • Under Straight Line Method, depreciation is uniform from year to year.
  • Straight Line Method is also called Fixed Installment Method or Original Cost Method.
4

Merits, Demerits, and Comparison of Methods

  • Merit of Straight Line Method: simplicity of calculation.
  • Merit of Straight Line Method: asset is completely written off.
  • Limitation of Straight Line Method: difficulty in computation when machines have different life-spans.

Key Concepts

Central concept: Depreciation

Meaning of DepreciationFixed AssetsCurrent AssetsCauses of DepreciationObjectives of DepreciationFactors Affecting DepreciationMethods of Charging DepreciationStraight Line Method

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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