Math, asked by AdityaTyagi112517, 1 month ago

3 years ago Ajay bought a square piece of land at Rs.25 per sqm . The price of the land depreciated by 12% in the first year and by 10% in the subsequent years.

Find the cost of a square piece of land having each side 10 m long
With explanation

Answers

Answered by srgang2021
0

Answer:

An example of fixed assets are buildings, furniture, office equipment, machinery etc.. A land is the only exception which cannot be depreciated as the value of land appreciates with time.

Depreciation allows a portion of the cost of a fixed asset to the revenue generated by the fixed asset. This is mandatory under the matching principle as revenues are recorded with their associated expenses in the accounting period when the asset is in use. This helps in getting a complete picture of the revenue generation transaction.

An example of Depreciation – If a delivery truck is purchased a company with a cost of Rs. 100,000 and the expected usage of the truck are 5 years, the business might depreciate the asset under depreciation expense as Rs. 20,000 every year for a period of 5 years.

Step-by-step explanation:

hope it helps you Mark me as the brainliest

Similar questions
Math, 23 days ago