Question

Calculate depreciation on furniture of Rs. 1,50,000 @12% p.a for 8month

Answer 1

ANSWER :

• ❖ Amount of depreciation on furniture of Rs. 1,50,000 @12% p.a for 8 months is Rs. 12,000.

________________________________________________________

CONCEPT :

• ✎ Depreciation on a fixed asset means the loss or diminution or decrease or decline in the value of a fixed asset.

• ✎ In the question, depreciation on furniture is to be calculated @12% p.a. for 8 months.

• ✎ When we calculate depreciation on a fixed asset for 1 year, we calculate it for 12 months. Therefore, when depreciation is to be calculated for 8 months, the time duration will be $\sf{8}{12}$.

________________________________________________________

SOLUTION :

❒ Given :-

• Amount of furniture = Rs. 150000

• Rate of Depreciation = 12% p.a.

• Time = 8 months

❒ To Calculate :-

• Amount of Depreciation = ?

❒ Calculation :-

• ★ Depreciation = $\sf{Rs. \: (150000 \times \frac{12}{100} \times \frac{8}{12} )}$

➜ Depreciation = $\sf{Rs. \: (150000 \times \frac{8}{100} )}$

➜ Depreciation = Rs. 12000 ★

• Hence, the amount of depreciation = Rs. 12000

Answer 2

Answer:

Rs. 12,000

Explanation:

calculate to deprecation on furniture was Rs. 1,50,000

=1,50,000×12÷100×8÷12

=1,50,000×8÷100

=12,000

deprecation on furniture was Rs. 12,000

hope it's helpful...