Accountancy, asked by kamranshaik9999, 3 months ago

a company purchased a plant for Rs.50,000. The usage of life of plant is 10 years and the residing value is Rs.10,000. Find out the rate of depreciation under straight line method.​

Answers

Answered by manishtanwar15
1

Answer:

8

Explanation:

cost of plant - residing value of plant / usage of pant

50000-10000/10

40000/10

4000

rate of depreciation

= annual depreciation/cost of plant*100

4000/50000*100

8%

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