In one of the sums in FINANCIAL REPORTING, i came accross a sum for govt grants accounting, where grant was treated as pro-rata income as per the % of depreciation, that was charged on the asset. The method for calculating depreciation was WDV and the formula for WDV method was used to calculate the rate i.e. 1-nth root of (residualvalue/historical cost) where n = life in yrs.
I saw this sum, where life was 10 yrs.
If its 2 or 4 or 8 yrs its manageable, but how to calculate 10th root?? without log or with the calculator??
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Query in financial reporting
Replies (2)
step 1: take root 12 times.....of the figure(of whom u want 10th root)
step 2: minus 1 from the result of step 1
step 3:divide step 2 's result with n (which is = 10 in our case)
step4 : add 1
step 5: press on ur calculator x (multiply) = (equals) 12 times.
u willget 10th root of ur requisite figure.
Thanks a lot Pratik!!
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