Question

An asset was purchased for Rs.100,000 and as per Written Down Value method,10%

depreciation is charged every year. What will be the value of asset at the end of 4 years?​

Answer 1

Answer:

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Explanation:

Value of asset at the end of 2nd year = value at the end of 3rd year x 100/90

= 36,450 x 100/90

= RS-40,500.

Value of asset at the end of 1st year = value at the end of 2nd year x 100/90

= 40,500 x 100/90

= RS-45,000.

Original value =

Value at the end of 1st year x 100/90

⠀⠀⠀⠀⠀⠀ = 45,000 x 100/90

⠀⠀⠀⠀⠀⠀ = RS-50,000.

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The value of asset at the end of 4 years is Rupees 50,000.

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