Question

A firm bought plant for Rs. 1480000 on 1sr april 2018 and Rs. 20000 is spent of its installation. It's useful life is estimated to be of 5 years. Its estimated realisable value at the end of the period was estimated at Rs. 100000. Find out the amount of annual depreciation and rate of depreciation.​

Answer 1

Answer:

2,80,000 & rate of % is 27.66

Explanation:

Formula of yearly depereciation is cost of asset - scrap value upon estimate life of asset

So, the answer we get 2,80,000 when we put amount in formula

To find rate of dep. Amount of dep. Upon total cost of asset into 100

Then we get answer 27.66 after putting value in formula