provide depreciation@10%on furniture costing 10000but market value 12000for 9months
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Answered by
1
Answer:
depreciation = 10000×10/100×9/12= 750
Explanation:
depreciation charge on cost not market value
Answered by
2
Answer:
the value of depreciation is 750 which can deduct from the cost of the furniture.
Explanation:
according to the law of accounts depreciation is calculated on the value which is lower that's why I chose value of 10000 for furniture and that did the calculation of depreciation
depreciation of furniture= value of furniture*10%*9/12
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