From the given particulars, calculate the rate of depreciation
under the fixed installment method of depreciation: Cost of
Asset = Rs. 2,000 rn Residual Value = Rs. 400 rnUseful Life = 4
years
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In this method a fixed or equal amount of depreciation written off as depreciation at the end of each year, during the life time of the asset. Thus the book value of the asset will become zero or its residual value. This method is suitable for patent, furniture, short-lease etc.
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Step-by-step explanation.4
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