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Original cost of an asset is Rs. 2,00,000 and depreciation is charged at written down value. Calculate the amount of depreciation for the next 4 years, if the year ending is 31st December in each of the following conditions (i) The rate of depreciation is 10 % per annum and the asset was purchased on 1st January. (ii) The rate of depreciation is 10 % per annum and the asset was purchased on 1st April. (iii) The rate of depreciation is 10 % and the asset was purchased on 1st October. |
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Answer» Original cost of an asset is Rs. 2,00,000 and depreciation is charged at written down value. Calculate the amount of depreciation for the next 4 years, if the year ending is 31st December in each of the following conditions |
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