Depreciation

Depreciation is 12,000 per say, then monthly depreciation for three months= 12000*3/12= 3000₹. It is possible that such a scenario occurs that a firm depreciates its asset at full or partial amount. Here, if depreciation is SLM, then

1 year= 10000*9/12= 7500

2 year= 10000*12/12=10000

10 year= 10000*12/12=10000

Accumulated Depreciation= 97500₹

No.

Year 1 closing balance of PPE= 100000-7500 depreciation 

In year 2, the first year closing balance becomes second year’s opening balance. Similarly, ninth year’s closing balance of PPE becomes opening balance of tenth year. By the tenth year, the residual value of the asset is 100000-97500=2500₹. This is also known as scrap value. There is no 11th year because the useful life of asset is ten years only.