Question

Depreciation for second year Original cost of machinery Rs. 5,20,000, salvage value Rs
20,000. Depreciation by diminishing balance method @ 10% p.a.​​

Answer 1

Answer:

Thereore depreciation of asset at the of second year of cost Rs. 252000 @ 10% is Rs. 22680.

Explanation:

Calculation of depreciation under WDV method :

Original cost of asset                                                                     252000

Less : Depreciation for first year @ 10%                                       (25200)                                                                                           WDV of asset in second year                                                        226800

Less : Depreciation for second year @ 10%                                 (22680)

WDV of asset in third year                                                             204120

Thereore depreciation of asset at the of second year of cost Rs. 252000 @ 10% is Rs. 22680.

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