Question

Mr. Rahul purchased a machine at a cost of Rs 3,60,000 estimated life of machine was

expected to be 10 years and scrap value at the end of 10 years is Rs 60,000.

- At the beginning of fourth year the machine was revalued upwards by Rs 60,000.

- At the beginning of seventh years the remaining useful life was reassessed at 6 years

You are required to calculate depreciation for the 3rd, 4th, 5th 6

th and 7th years.​

Answer 1

3 yrs 1,00,000 4 yrs 80,000 5 th yrs 50,00 6 th yrs 30,000 7 the yrs 15,000