Question

fixed assets written down value is 12000 ( depreciation written off rs 36000) were sold rs 9600​ show me just working of this question

Answer 1

Answer:

Calculation of depreciation under WDV method :

Original cost of asset 252000

Less : Depreciation for first year @ 10% (25200) WDV of asset in second year 226800

Less : Depreciation for second year @ 10% (22680)

WDV of asset in third year 204120

Thereore depreciation of asset at the of second year of cost Rs. 252000 @ 10% is Rs. 22680.