Accountancy, asked by Ananyachakrabarty, 1 year ago

Guys its urgent plzz answer it

The original cost of a machinery is Rs 10,00,000 ; its scrap value is Rs 40,000 and its expected useful life is 10 years. What will be the amount of depreciation for the fourth year according to the original cost method ? Also specify the rate of depreciation.

Answers

Answered by tanmoyvestige
2

Answer :

Cost of machinery (asset) = Rs 10,00,000

Scrap Value = Rs 40,000

Estimated useful life = 10 years

∴ Depreciation = Cost of Asset - Scrap Value/ Estimated useful life

                          = 10,00,000 - 40,000/10

                           = 960000/10

                           = Rs 96,000

So Depreciation year will be Rs 96,000

Now

Rate of Depreciation = 96,000/10,00,000*100

                                    = 0.096*100

                                    = 9.6 %

                                                                                                                                             


Ananyachakrabarty: Shandar answer many many thanks to you
Answered by riya3314
0

Answer:

Annual Depreciation per annum

= Cost of Asset-Estimated Scrap Value/Expected or Estimated life of Asset

= 100000/10 = ₹ 10,000

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