Question

an asset costing Rs 200,000 is estimated to have scrap value of 25000 at the end of its life of 5 years .calculate depreciation by straight line method.

Answer 1

Answer:

175000

Explanation:

FORMULA:

depreciation expense=    cost-scrap or salvage value

                                             useful in years

                                     =        200000-25000/5

                                     =              175000