mobile costing 6000 is depreciated in 2 years at the rate of 30 % per annum what is the amount of depreciation
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Answer:
₹3060
Step-by-step explanation:
Cost of mobile before depreciation= ₹6000
Depreciation in 1st year= ₹6000 - ( 30% of ₹6000)
= ₹6000- (30/100 × ₹6000)
= ₹6000 - ₹1800
= ₹4200
Now,
Depreciation in 2nd year= ₹4200-(30%of ₹4200)
= ₹4200-(30/100 ×₹4200
= ₹4200 - ₹1260
= ₹2940
So, Amount of depreciation = ₹6000 - ₹2940
= ₹3060
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