Depreciation
This query is : Resolved
Neethu Abraham
(Querist)
12 May 2011
An asset was purchased for rs. 100000 on which depreciation was provided at the rate of 15% on Straight line method. The Written down value of the asset at the end of 2 year is_________????
I got the answer 72250.But my teacher told the answer as 70000.What is the real answer?
I got the answer 72250.But my teacher told the answer as 70000.What is the real answer?
12 May 2011
Dear,
You are doing it WDV basis.
Annual Depreciation = 100000 x .15 = 15000
Two year, depr = 15000 x 2 = 30000
WDV value = 100000 - 30000 = 70000.
Don't think that when % are given, it is to be done in WDV method.
Discuss more with your teacher.
You are doing it WDV basis.
Annual Depreciation = 100000 x .15 = 15000
Two year, depr = 15000 x 2 = 30000
WDV value = 100000 - 30000 = 70000.
Don't think that when % are given, it is to be done in WDV method.
Discuss more with your teacher.
Message likes :
1 times
13 May 2011
Dear Neethu,
You are doing it Written Down Value basis.
Annual Depreciation = 100000 x 15% = 15000
Two year, depr = 15000 + 15000 = 30000
Written down value of the asset at the end of 2 year is = 100000 - 30000 = 70000.
You are doing it Written Down Value basis.
Annual Depreciation = 100000 x 15% = 15000
Two year, depr = 15000 + 15000 = 30000
Written down value of the asset at the end of 2 year is = 100000 - 30000 = 70000.
Message likes :
1 times
Neethu Abraham
(Querist)
13 May 2011
Thank u sir.
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