how come depreciation amount is 5000
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the asset value is 100000(5%of f.v)
so it is 5000 rs only..
so it is 5000 rs only..
inaction1234:
okk...but 100000 is 10000
10% of 100000 is 10000
no it is 5%
sorry the asset is purchased on 1 oct so from 1 oct to 31 March that is 6 month so we charge depreciation for half year 10000÷2 = 5000. I HOPE IT WILL HELP YOU.
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