Accountancy, asked by alfanansari667, 3 months ago

25. A Machine costing 12,000 1 point
is estimated to have a life of 8
years and the scrap value is
estimated 4,000 at the end
of its useful life. Find out the
amount of depreciation p.a.
O 1,000
O 800
1,200
O * 2,000​

Answers

Answered by Alzir
42

Explanation:

Depriciation amount =

==> (Machine Cost - Scrap Value)/Life of Assets

==> (12,000 - 4,000)/8

==> 8,000/8

==> 1,000

Depriciation amount = Rs. 1,000

Hence, the depriciation amount is Rs. 1000. (Option first).

Answered by Sauron
121

Answer:

Option I. 1,000

The amount of depriciation on a machine costing Rs. 12,000 which is estimated to have a life of 8 years and the scrap value is Rs. 4,000 is Rs. 1000.

Explanation:

Given :

Cost of an asset (Machine) = 12,000

Estimated useful life of asset = 8 years

Scrap value = 4,000

To find :

Amount of Depreciation p.a.

Solution :

\sf{Annual\:Depreciation = {\dfrac{Cost \: of \: an \: machine \: - \: Scrap \: value }{Estimated \: useful \: life \: of \: asset}}}

\longrightarrow\sf{\dfrac{12000 - 4000}{8}}

\longrightarrow\sf\dfrac{8000}{8}

\longrightarrow\sf1000

Amount of Depreciation = Rs. 1000

Therefore, the amount of depriciation on a machine costing Rs. 12,000 which is estimated to have a life of 8 years and the scrap value is Rs. 4,000 is Rs. 1000.

Similar questions