Menu
Cpt june 2014 question.help!!
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 :)
Replies (4)
16% is the rate ??
The answer given is 30%..
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%
Got it.
Thank you so much.. Shubham Garg :D
Recent Threads
- Tax Implications of Alumni Union (R) under Society
- Heard & Seen Around – Your Daily Economi
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
- VAT deducted by Saudi company
- RCM doubt please clarify
Related Threads
CAclubindia
