Question

A company purchased a second hand plant for Rs.30,000.It immediately spent on it Rs.5,000.The plant was put to use on 1-1-90.After having used it for six years,it was sold for Rs.15,000.Your are required to prepare the plant A/c for 6 years, providing depreciation at 10% on original cost. explain sum

Answer 1

Answer:

As per question

Cost of Plant = Rs 50,000

Useful life = 10 years

Residual value = Rs 5000

Depreciation = Cost-Residual value/Estimated useful life

=50,000-5,000/10

=45000/10

=4500

Also,

rate of depreciation = Annual depreciation/cost of plant x 100

= 4500/50,000 x 100

= 9%

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Answer 2

Answer:

what is the answer

Explanation:

can you explain