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ZIMSEC O-Level Principles of Accounting

10.2Depreciation and disposal of non-current assets

Depreciation and disposal of non-current assets in ZIMSEC O-Level Principles of Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic57 practice questions3 lessons

Overview

Form 2: causes of depreciation, straight-line and reducing-balance methods. Form 3: accounting for depreciation (including the revaluation method) and disposals.

Learning objectives

What the syllabus expects you to be able to do.

  1. 10.2.1Form 2: define depreciation, state its causes and calculate it by the straight-line and reducing-balance methods.
  2. 10.2.2Form 3: account for depreciation by the straight-line, reducing-balance and revaluation methods.
  3. 10.2.3Form 3: record the disposal of non-current assets.

Lessons

  • Depreciation: causes and methods

    35 min

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  • Disposal of non-current assets

    40 min

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  • Recording depreciation in the ledger

    35 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Depreciation and disposal of non-current assets: sample question

1 mark

Where is the balance on the provision for depreciation account shown?

Choose one answer

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