Depreciation on furniture @ 12% provided on 31-3-2020 is Rs. 18,000.
Furniture was purchased on 30-6-2019. The original cost of the furniture is
Answers
Given : Depreciation on furniture @ 12% provided on 31-3-2020 is Rs. 18,000
Furniture was purchased on 30-6-2019.
To Find : original cost of the furniture
Solution:
Let say original cost of the furniture = F Rs
Furniture was purchased on 30-6-2019.
Depreciated on 31-3-2020
Time period = 9 Month = 9/12 Years
Rate of Depreciation = 12 %
Amount depreciated = F x 12 x (9/12) /100
= 9F/100
Depreciation on furniture = 18,000
Equate Both
=> 9F/100 = 18,000
=> F/100 = 2,000
=> F = 2,00,000
The original cost of the furniture is Rs 2,00,000
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