Question

19. (i)
• Calculation of Depreciation
Book Value of furniture in the beginning of the year * 30,000
Furniture purchased during the year 20,000
Book-Value of furniture at the end of the year) * 45,000.
How much depreciation will be recorded on furniture in Income and Expenditure
Account ?
[ Ans. 5.0001​

Answer 1

Answer:

Assuming that furniture is purchasing at beginning of the year,

Explanation:

(30,000 + 20,000) - 45,000 = 5000( By. P&L A/C)

answers can't be 5.0001