Question

calculate Depreciation on Machinery costing Rs 40,000 at 10%. P.a bought on 1/10/2019 ​

Answer 1

Explanation:

Answer in the figure

Hope this will help you

Answer 2

Answer:

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Amount of Annual Depreciation=Cost of Machine−Scrap Value of Machine Life in Years =1,20,000−72,0004=Rs 12,000Rate of Depreciation=Amount of DepreciationCost of Machine×100 =12,0001,20,000×100=10%p.a.