Question

if an asset was purchased for rs. 50000 on ist jan 2013 ,what would be its value three years after if it were depreciated by straight line method at the rate of 10% p.a.​

Answer 1

Explanation:

Asset value 50,000

depreciated for 3 years at 10% straight line method

Depreciation = 50,000×10/100= 5000

for 3 years depreciation is 15000

so value of asset after 3 year is as follow

50,000 - 15000 = 35000