Accountancy, asked by zafarzs, 4 months ago

An asset is purchased for Rs. 25,000. Depreciation is to be provided annually according to the
straight line method. The useful life of the asset is 10 year and the residual value is Rs. 5,000. You are
required to find out the rate of depreciation. ​

Answers

Answered by sangeeta9470
13

Answer:

Depreciation = cost - scrap value/life

= 25000-5000/10=2000

rate of depreciation = amount of depreciation / cost

= 2000/25000×100= 8%

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