Depreciation accounting
This query is : Resolved
10 April 2015
On 1st January 2006,furniture is Rs.20000 .During the year a part of the furniture whose book value on 1st January is Rs.1200 has been exchanged with another furniture by paying additional Rs.500. The rate of depreciation is 10% p.a. what will be the net amount of the furniture in the balance sheet? Please tell the method.
04 May 2015
it must be 19300 if furniture replaced on 1.1.06
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