Question

A firm buys a machinery worth Rs. 20,00,000. The machinery is expected to have a useful life of 8 years after which the expected scrap value is Rs.3,00,000. Find the annual depreciation under the straight-line method. Suppose under the Income tax rules this asset falls under 33.33% WDV depreciation, show the yearly depreciation right through the life of the machine

Answer 1

A firm buys a machinery worth Rs. 20,00,000. The machinery is expected to have a useful life of 8 years after which the expected scrap value is Rs.3,00,000. Find the annual depreciation under the straight-line method. Suppose under the Income tax rules this asset falls under 33.33% WDV depreciation, show the yearly depreciation right through the life of the machine

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♥*♡∞:｡.｡Answer by Shreyas｡.｡:∞♡*♥

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