1.

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.

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
(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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