Question

25. A Second Hand Machinery purchased on 1st July 2020 for Rs.3, 60,000 and spent Rs.1, 40,000 on it to make it serviceable. Depreciation is charged @ 12% p.a. Depreciation amount on 31st March 2021: (a) 45,000 (b) 48,000 (c) 50,000 (d) 32,400​

Answer 1

Answer:

$45,000$

Step-by-step explanation:

A second hand Machinery purchased on 1st july 2020 for $Rs. 3,60,000$

spent on it to make it serviceable $Rs. 1,40,000$

Total money spent on second hand machinery is$Rs 3,60000 + Rs. 1,40000 = 5,00,000$

Depreciation charged @12% per annum

Depreciation charged on 31st March 2021 is-

Total month from 1st july 2020 to 31st March 2021  is 9 month.

Depreciation amount for 9 month is 9%

9% of total spent money on second hand machinery

$9$% $(5,00,000) =\frac{9}{100}5,00,000 = 45,000$

hence Depreciation amount is 45,000.