Question

A machine was purchased for rs30000 on 01 .01.01 .it is expected to cost for 5 year estimated scrap at the end of five years is rs 5000 find out the deperciation and straight line method
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Answer 1

Answer:

cost of asset-scrap value/ estimated years

30000-5000/5

25000/5

5000

so there is a rs5000 which is charged every year on depreciation