Cpt june 2014 question.help!!

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student
48 Points Posted on 05 May 2015
CA CPT JUNE 2014 Question A Trader followed WDV method of depreciation, the book value of Asset after 4 years is 24% of original cost. Find rate of depreciation. please solve this :)
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On 05 May 2015 at 15:18 Report
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Student
661 Points Posted on 05 May 2015
16% is the rate ??
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On 05 May 2015 at 18:29
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student
48 Points Posted on 05 May 2015
The answer given is 30%..
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On 05 May 2015 at 20:03
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Student CA Final
122 Points Posted on 05 May 2015

Hello Mahmooda Zain,

Use this formulae

         Rate = 1 – 4th root of(WDV/original cost)

                 = 1 - 4th root of(24%*original cost/original cost)

                 = 1 - 4th root of .24

                 = 1 - .699

                 = .30 = 30%

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On 05 May 2015 at 21:11
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student
48 Points Posted on 05 May 2015
Got it. Thank you so much.. Shubham Garg :D
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On 05 May 2015 at 21:44

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