Question

Cost of an asset Rs. 75,000 Useful life is 4 years. Find out the depreciation for the 1st year under sum of years digit method : (a) Rs. 30,000 (b) Rs. 7,500 (c) Rs. 22,500 (d) Rs. 15,000

Answer 1

the Reserve of Rs. 15,000 is divided among the partners in the ratio of. : (a) Rs 2,500 : Rs 5,000 : Rs 7,500 (b) Rs 5,000 : Rs 2,500 : Rs 7,500 (c) Rs 7,500, : Rs 5,000 : Rs 2,500 (d) Rs 2,500 : Rs 7,500 : Rs 5,000