Question

purchases machine on 1/10/18 at cost of ₹1050000 and spent 10000 for its installations SLM @ 10% in 1 year.​

Answer 1

Answer:

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Explanation:

ANSWER

Depreciation on SLM Basis = 10,000 x 10/100

                                              = RS-1,000.

Depreciation On WDV basis :-

1st year (2005-06) 

= 10,000 x 10/100

= RS-1,000.

2nd year (2006-07)

= (10,000 - 1,000) 9,000 x 10/100

= RS-9,00.

Difference in depreciation = Depreciation in SLM - Depreciation in WDV

                                            = 1,000 - 9,00

                                            = RS-100.