Question

Depreciate machinery worth rs.50000 @10% per annum

Answer 1

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Depreciation :- It refers to gradual and permanent decrease in the value of assets.

Amount  of  Machinery :- Rs. 50,000

Depreciation :- 10% per annum

          =  Rs. 50,000 × 10 / 100

          =  Rs. 5,000

Therefore the value of asset is,

         =  Rs. 50,000 - 5,000

         =  Rs. 45,000!!