there is a question .. according to which the cost of the assest is 100000 ... useful life is 5 years and expected scrap value is 2000 .... depreciation to be charged under slm ... what is the rate ?
2) and what is the depreciation to be charged for 3 rd year ?
according to be the rate is 19.6 and depreciaton is 19600 for 3 year ..
but in the material it is given the rate is 20 and depreciation is 19600 for third year
please clarify whether i am right ??