plant =100000 dep =5% charge after 5 years value
Answers
By which method of depreciation you want to calculate the value?
* I assume depreciation method is straight line method
Given
Plant cost = 100000
Depreciation rate = 5%
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Depreciation amount =( Plant cost - scrap value ) * 5%
=( 100000 - 0)* 5%
= 100000*5%
= 5000
Depreciation amount for 5 years = 5000* 5
=25000
Plant value on end of 5 year = plant cost - depreciation for 5 years
= 100000 - 25000
=75000
Therefore plant value on end of 5th year = 75000