Fears. Estimated scrap at the end of five years is Rs. 5,000. Find out the rate of
machine was purchased for Rs. 30,000 on 1.1.86. This is
Short Answer Problems :
depreciation under the straightline method.
Madras, B.Com., Sept. "89]
[Ans: Annual Depreciation Rs. 5,000; Rate of Depreciation: 16.67%
From the following particulars
, prepare Machinery A/c for 3 years under S.L.M. :
Price of the Machine : Rs. 36,000
Freight charges : Rs. 2,500
Installation charges : Rs. 1,500
Life of the Machine : 5 years
[Bharathiar, B.B.M. Nov. 1999)
36,000+
os
11500
40.000
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Explanation:
Depreciation in SLM = cost of assets+Installation charges-scrap value/estimated useful life
=100000-2000/5
=98000/5
Annual depreciation=19600
Rate of depreciation = Annual depreciation *100/cost of assets
=19600*100/100000
=19.6%
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