Question

charge depriciation on the fixed asset @5%for 73 days (accounting equation)​

Answer 1

Answer:

Reduce Depreciation amount from ‘Fixed assets’ and ‘Capital’

Explanation:

First calculate depreciation,

Cost of fixed assets x 5% x 73/365 days

Since this is a non cash expense, reduce this from capital and from fixed assets too.

Feel free to ask doubts.