Question

a company purchased some furniture costing rupees 20000 on january 2000 they decided to write off depreciation at 10%per annum onda diminishing balance annually on 31st december on 13th september 2001 purchase the further furniture item were the rupees 10000 on 1st july 2002 some furniture items but ac in 2004 generally cost rupees 2000 was sold for rupees 1800 shop furniture account for the years 2000 to 2003

Answer 1

Explanation:

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Answer 2

Answer:

Rs. 48600

Explanation:

Under written down value of method of charging depreciation, depeciation is calculated on WDV as follows:

Original cost Rs. 600000

Less : Depreciation @ 10% p.a. (60000)

Written Down Value 540000

Less : Depreciation @ 10% p.a. (54000)

Written Down Value 486000

Less : Depreciation @ 10% p.a. (48600)

Written Down Value 497400

Depreciation in third year under WDV method is Rs. 48600