Question

Provide 10% depreciation on furniture of 10000ru.

Answer 1

Answer:

10000×10/100=1000 rs

Answer 2

Rs 1,000

Explanation:

Given:

Depreciation rate = 10% = 10 / 100 = 0.1

Furniture value = Rs 10,000

Depreciation = ?

Computation of Depreciation :

Depreciation = value of assets × Depreciation rate

Depreciation = 10,000 × 0.1

Depreciation = 1,000

                          Journal entry                                  

Date      Particular                          Debit      Credit

             Depreciation      A\c Dr.     1,000

                  To Furniture A\c                          1,000

          (Being Depreciation charge on furniture )

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