Question

HGF Ltd. bought furniture worth$ 400,000. There has been depreciation at the rate of 20% since 5 years.

What will be the amount of depreciation at the end of year one?

a. $ 80,000

b. $ 40,000

c. $ 20,000

d. $ 10,000​

Answer 1

Given : HGF Ltd. bought furniture worth$ 400,000.

There has been depreciation at the rate of 20% since 5 years.

To Find : the amount of depreciation at the end of year one?

a. $ 80,000

b. $ 40,000

c. $ 20,000

d. $ 10,000​

Solution:

furniture worth$ 400,000

depreciation at the rate of 20%  

depreciation = (20/100)400,000 = $ 80,000

amount of depreciation at the end of year one  =   $ 80,000

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Answer 2

Given:

HGF Ltd. bought furniture worth$ 400,000. There has been depreciation at the rate of 20% for 5 years.

To Find:

The amount of depreciation at the end of year one?

Solution:

The cost price of the furniture is given as $ 400,000 and the depreciation rate is 20%.

Finding the depreciation amount:

$= > 400000 \times \dfrac{20}{100}$

$= > 80000$

The depreciation amount is Rs 80,000

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