Question

Find out the value of library book as on 31-03-2020 - library book purchase on 01-01-2020 rs 50000 - Despreciate library book @12% p.a.​

Answer 1

Answer:

The value of book as on 31-03-2020 is Rs. 48,500.

Step-by-step explanation:

Value of Book = Rs. 50,000 (purchased on 01-01-2020)

Depreciation = 12% p.a.

We used library book for three months that is January, February and March.

Therefore, we calculate depreciation for 3 months.

Depreciation = 50000*3/12*12/100

= 500 * 3

Depreciation = 1,500 Rs.

Book value as on 31-03-2020 = Book value - Depreciation

Book value as on 31-03-2020= 50,000 - 1,500

.·.Book value as on 31-03-2020= 48,500