Question

calculate depreciation on machinery @ 33 1/3 % .
machinery= 9900

Answer 1

9900*33 1/3%=3300....

Answer 2

Depreciation is a method of allocating the cost of a tangible asset, such as machinery, over its useful life. The straight-line method, which is the most commonly used method, calculates depreciation by dividing the cost of the asset by the number of years in its useful life.

• In this case, the machinery is worth $9900 and the rate of depreciation is 33 1/3 % per year. The calculation of the first year's depreciation would be:

• $9900 x 33 1/3 % = $3300.33

• This means that the value of the machinery would decrease by $3300.33 in the first year, and this amount would be subtracted from the original cost of the machinery. The remaining value of the machinery would be $9900 - $3300.33 = $6699.67.

In summary, the steps to calculate the depreciation of the machinery at 33 1/3 % are:

• Determine the cost of the asset ($9900)
• Determine the useful life of the asset
• Determine the depreciation rate (33 1/3%)
• Calculate the depreciation by multiplying the cost of the asset by the depreciation rate ($9900 x 33 1/3% = $3300.33)
• Subtract the calculated depreciation from the original cost of the asset ($9900 - $3300.33 = $6699.67)

To learn more about depreciation from the given link.

https://brainly.in/question/43529128

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