Question

A Plant & Machinery costing 10,00.000 is depreciated on straight line assuming 10
year working life and zero residual value for four years. At the end of the fourth year, the
machinery was revalued upwards by 7 40,000. The remaining use was assessed
at 8 year. Calculate Depreciation for the fifth year​

Answer 1

Answer:

842,500

Explanation:

10M/ 10= 1 M depreciation per year

1M X 4= 4M

10M -4M= 6M

6M + 740,000= 6,740,000 - revalued amt

divided by : 8 years

= 842,500 depreciation on 5th year.

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