Question

depriciation charged on all the assets @5% p.a​

Answer 1

Answer:

I think your question is incomplete..

depriciation charged on all the assets @5% p.a means if a company have assets such as..

Example:

building 30000

machinery 25000

furniture 40000

we can find the depreciation by calculating 5% of every assets as :-

in profit and loss account debit Side

building 30000* 5/100 = 1500

machinery 25000 * 5/100 = 1250

furniture 40000 * 5/100 = 2000

in balance sheet, show it in the asset side like

building 30000-1500 = 28500

machinery. 25000 - 1250 = 23750

furniture 40000 - 2000 = 38000

Explanation:

Hope you got an understanding. please mark me as brainliest. Thankyou..