Question

2.
Calculate 12.5% P. A depreciation on Furniture -
a) on 220,000 for 1 year
b) on 10,000 for 6 months ​

Answer 1

Explanation:

a) depreciation on Furniture on rs 2,20,000 for 1 year @12.5%

depreciation = 220000× 12.5/100 × 12/12

= 27500

b) depreciation on Furniture on Rs 10000 for 6 month

@12.5% for 6 month

Depreciation = 10000 × 12.5/100 × 6/12

= 625

depreciation on Furniture a) 27500 b) 625