A construction equipment has an initial cost of 2,00,000 and salvage value of? 50,000 at the end of an economic life of 5 years. The rate of straight-line depreciation and total depreciation will be
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Annual Depreciation is 30,000 and rate is 15%
Explanation:
Depreciation =(2,00,000-50,000)/5
=30,000
Rate = (30,000/2,00,00)*100=15%
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