Solve the problem

rakesh kumar verma (IPCC) (75 Points)

12 August 2012  

Please solve this question according AS-6 


A machine of cost 1,20,000 is depreciated straight-line assuming 10 year working life and zero

Residual value for three years. The estimate of remaining useful life after third year was reassessed at 5 years.

Also clear the concept highlited by yellow color .