A company acquired a machine on 1-4 -15 for Rs.5,00,000. The company charged straight- line depreciation, based on 5 years working life estimate and residual value Rs.50,000 up to 2016-17. From 2017-18 the company decided to change to 25% reducing balance method of depreciation. (7 Marks) Calculate: (a) WDV as on 1-4-17 by straight-line method (b) WDV as on 1-4-17 by Reducing balance method (c) The total depreciation amount to be charged in 2017-18 (d) WDV as on 1-4-18
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A company accounting a machine on 1-4 -15 for Rs. 5,00,000. The company Charged straight-line depreciation, based to change to 25% reduced balance methode of depreciation.
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