Calculation of depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2010
Sir,
Please solve this query as it is very urgent need.
1) The original cost of machinery is Rs. 100000/- , its life is 5 years and the expected salvage value is Rs. 2000/-. then depreciation for 3rd year as per straight line method shall be -
Please reply
Regards
Chetan
email id : Chetan_cares4u@yahoo.co.in
Please solve this query as it is very urgent need.
1) The original cost of machinery is Rs. 100000/- , its life is 5 years and the expected salvage value is Rs. 2000/-. then depreciation for 3rd year as per straight line method shall be -
Please reply
Regards
Chetan
email id : Chetan_cares4u@yahoo.co.in
Rahul Gupta
(Expert)
18 February 2010
Since its is straight Line Method..Depreciation for each year will remain same at Rs 19,600
Calculation....
100,000-2,000 = 98,000/5 = 19,600
Calculation....
100,000-2,000 = 98,000/5 = 19,600
shakuntala chhangani
(Expert)
22 February 2010
Absolutely right n the rate of dep will be 19600/1,00,000* 100 = 19.60%
The same question is there in MCQ of CPT Dep Chapter.
Regards, CA Shakuntala Chhangani
The same question is there in MCQ of CPT Dep Chapter.
Regards, CA Shakuntala Chhangani
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