Question

[Ans: Rate of Depreciation : 8%; Asset A/c Balance Rs. 19,000
preciation 7.64%
2. An asset is purchased for Rs. 25,000. Depreciation is to be provided annually according
to the straightline method. The useful life of the asset is 10 years and the residual
You are required to find out the rate of depreciation and prepare the Asset Alc
[Madras, B.Com(CS) (SYIA) Nov. 2007; B.Com (PZ1A)
Nov. 2008; B.Com (PZA) Oct 2002 B.Com., Sep. 1985)
value is Rs. 5,000.
for the first three years.
​

Answer 1

Answer:

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