Question

A machine costing Rs 12000 is depreciated at the rate of 15% p.a. Find the amount of depreciation.​

Answer 1

Answer:

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Step-by-step explanation:

Purchase Price of Machine Rs. 2,52,000 - Salvage value Rs. 12000 = Depreciable asset cost of Rs 2,40,000

6 year useful life = 1/6 depreciation rate per year

1/6 x 2,40,000 depreciable asset cost = Rs 40,000 annual depreciation