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Confused please reply!
In Depreciation(cpt) Under Straight Line method When to Use this formula SL=(Cost of asset -scrap) value /life and when to use wihout subtrating scrap value i.e cost of asset/life.
Replies (4)
When info regarding scrap value wont be given in the ques.
But in one question cost=100000 life=5Year and Scrap value=2000. Is given and answer give rs20000.how?
Shubham, The Answer given in the book must be wrong.
i think that scrap value is actually realised..
Bt in the formula while calc'ng depn it is not simply a scrap value, it is "Estimated scrap value".
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