Question

if the opening written down value of a machine is 500000/- find the value of depreciation at 10% for the current year​

Answer 1

Answer:

sorry i don't know.... sorry

Answer 2

Given: Opening written down value of machine = Rs. 5,00,000

          Depreciation = 10%

To find: The value of depreciation for current year

Solution: Given that,

Opening written down value of a machine = Rs. 5,00,000

Depreciation rate = 10%

In written down value method, depreciation is charged on the opening written down value of the assets.

∴ Depreciation for the current year = Opening written down value of machine * depreciation rate

⇒ $5,00,000 * \frac{10}{100} = 50,000$

Hence, value of depreciation at 10% for the current year is Rs. 50,000.