Basic query in accounting
This query is : Resolved
14 October 2013
Which option from below is correct?
Machinery acquired on 1-4-2006 for Rs 5,00,000
Estimated working life =10 years
Scrap value =Rs 50,000
What is Rate of Depreciation(Under Straight line method)?
Ans:
Depreciation Amt= = Rs 5,00,000----50,000
10 years
= Rs45,000 p.a
Rate of Depreciation
Option I
= 45,000 X100 =9%
5,00,000
Option II
= 45,000 X100 =10%
4,50,000
I will be very much thankful to you.
Machinery acquired on 1-4-2006 for Rs 5,00,000
Estimated working life =10 years
Scrap value =Rs 50,000
What is Rate of Depreciation(Under Straight line method)?
Ans:
Depreciation Amt= = Rs 5,00,000----50,000
10 years
= Rs45,000 p.a
Rate of Depreciation
Option I
= 45,000 X100 =9%
5,00,000
Option II
= 45,000 X100 =10%
4,50,000
I will be very much thankful to you.
27 October 2013
option I is correc
.
.
in slm method depreciation has to be caluculated on cost every year
.
.
hence we can depreciate for 450000 if we take 9% as dep.rate
.
.
in slm method depreciation has to be caluculated on cost every year
.
.
hence we can depreciate for 450000 if we take 9% as dep.rate
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