12. Calculate depreciation under straight line method given purchase price of
asset is Rs. 120000, installation charges Rs. 30000. Scrap value is Rs. 10000 and
life span is 5 years.
a. Rs. 26000
b. Rs. 27000
c. Rs. 28000
d. Rs. 29000
Answers
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Answer:
depreciation= cost- scrap value /life
cost = 120000+30000
= 150000
dep. = 150000-10000/5
= 140000/5
= 28000
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