subject

Depreciation

Commerce ⇒ Accountancy

Depreciation starts at 11 and continues till grade 12. QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Depreciation. How you perform is determined by your score and the time you take. When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.
See sample questions for grade 11
A company charges depreciation at 15% per annum on the Written Down Value Method. If the book value of the asset at the beginning of the year is Rs. 40,000, what will be the depreciation for the year?
A company purchased a machine for Rs. 80,000. The estimated useful life is 8 years and the residual value is Rs. 8,000. Calculate the annual depreciation using the Straight Line Method.
A company purchased equipment for Rs. 50,000. The depreciation rate is 10% per annum under the Written Down Value Method. Calculate depreciation for the first year.
A machine costing Rs. 1,00,000 has a useful life of 10 years and an estimated residual value of Rs. 10,000. Calculate the annual depreciation using the Straight Line Method.
A machine was purchased for Rs. 1,20,000. Depreciation is to be charged at 10% per annum on the Straight Line Method. What will be the book value of the machine at the end of 3 years?
A truck was purchased for Rs. 2,00,000. Its estimated useful life is 5 years and the residual value is Rs. 20,000. Calculate the annual depreciation using the Straight Line Method.
Explain the difference between depreciation and amortization.
Explain the impact of depreciation on profit.
Explain the term 'obsolescence' as a cause of depreciation.
State any two causes of depreciation.
State any two factors that affect the amount of depreciation.
State the meaning of 'useful life' of an asset.
What is depreciation in accountancy?
What is the effect of depreciation on the value of an asset in the balance sheet?
What is the formula for calculating depreciation under the Straight Line Method?
What is the impact of not providing depreciation in the books of accounts?
What is the journal entry for charging depreciation?
What is the main objective of providing depreciation?