Question

If the depreciable cost of an asset is Rs. 90,000 and itsscrap value is Rs. 9000, then the original

cost of an asset is .​

Answer 1

Answer:

Explanation:

90000+9000=99000

Answer 2

Answer:

Explanation:

Depreciation = (Cost - Residual value) / Useful life

To find the cost of the original value of the assets , we need the value of years. How many years the asset is useful.

Let we assume it = 5 years

Depreciation = 90000

Residual value = 9000

So the cost of the assets is

Depreciation = (Cost - Residual value) / Useful life

90000 = ( Cost - 9000) / 5

90000 × 5 = Cost - 9000

450000 + 9000 = Cost

459000 = Cost

So the original cost is 4,59,000