Question

2. The W.D.V. of an asset after three years of depreciation on reducing balance
method @ 15% p.a. is *49,130. What was its original value?
(A) 40,000
(B) 80,000
(C) 45,000
(D) 70,250 please explain everything about the answer.​

Answer 1

Answer:

Rs. 50,000

Value of asset at the end of 2nd year = value at the end of 3rd year x 100/90

= 36,450 x 100/90

= RS-40,500.

Value of asset at the end of 1st year = value at the end of 2nd year x 100/90

= 40,500 x 100/90

= RS-45,000.

Original value = Value at the end of 1st year x 100/90

= 45,000 x 100/90

= RS-50,000.

Explanation:

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