Khushi (CA & CS Final) (1367 Points)
27 October 2008Can you tell me, how to calculate reducing depreciation rate?
i got in trouble while reducing depreciation rate was not given and i have to calculate through normal (6 Functions) calculator . Formula is 1-Residual Value/ Cost of asset^N.How to calculate this x^y in normal calculator. For example : 1- 5000/105000^10
Gayathri
(Chartered Accountant)
(286 Points)
Replied 27 October 2008
even I got strucked while finding depr. under WDV method. we need to apply logarithms to find it.
I think they won't ask this type of questions in exam since we r not provided with log tables. Am I right?
CA Annie
(Chartered Accountant )
(747 Points)
Replied 27 October 2008
yes if required,the tables will be provided at the exam centres.but if such questions will be asked is uncertain.
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