Question

calculate rate of depreciation under straight line method purchace price of machine Rs .2,50,000, Expenses to be caplitalized RS 50,000 , Expected useful life 5 years​

Answer 1

Answer:

250000+50000

usefull life

of machine is 5 year so

300000/5

amount to depriciation is 60000

% of dep. = 60000* 100/ 300000

=20%