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mridul savio Pinto (articled trainee )     26 May 2011

depreciation accounting

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 ??



 2 Replies

Akash

Akash (CA Final Article Assistant)     27 May 2011

Akash

Akash (CA Final Article Assistant)     27 May 2011

Depreciation in each year =(100000-2000)/5=19600

Rate of Depreciation=19600/100000=19.6%


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