Question

Depreciation on the diminishing balance method on a machinery of 2,000 at the
rate of 10% per annum after three years will be

Answer 1

Answer:

cost of machinery = 2000

(-) ist year dep. =. 200

balance = 1800

(-) 2nd year dep. = 180

balance. =. 1620

(-) 3rd year dep. =. 162

balance. =. 1458