Question

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

Answer 1

Answer:

Cost of Equipment ₹200,000

Scrap Value. ₹50,00

Estimated Life. 5yrs

S.L.M Depreciation

Depreciation per year=

$cost \: of \: asset \: - scrap \ value \: \div estimated \: life \: of \: asset$

= (200,000-50,000)/5

Depreciation (SLM) per year = ₹30,000

Depreciation on 1st year will be ₹30,000

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