Question

A publishing house purchases a printing machine for Rs. 50,000. At the end of 5 years the value of the machine is supposed to be Rs. 10,000 only. If the loss in value is assumed to be linear then what is the yearly loss in the value of machine?

Answer 1

Answer:

In accountancy, depreciation refers to two aspects of the same concept: first, the actual decrease of fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wear, and second, the allocation in accounting statements of the original cost of the assets to periods in which the assets are used

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