Question

Calculate depreciation and book value for the year ended 31 march 20,21,22.

Original cost of machine is rs.5,00,000.Scrape value is 1,00,000 machine was purchase on 1.4.2018. Estimated life of machine is 5 years.Use sum of digit of year method​

Answer 1

Answer:

80,000

Explanation:

5,00,000/5-1,00,000/5

4,00,000/5= 80,000