Question

Q.8 Calculate the following.
A machine costing 23,000 is estimated to have a life of 7 years and the scrap vah
estimated * 2,000 at the end of its useful life.
Find out the amount of depreciaiton p.a.

Answer 1

Answer:

the machinery value after 7 years will be 9000.

Explanation:

1 year 23000-2000=21000

2 year 21000-2000=19000

3 year 19000-2000=17000

4 year 17000-2000=15000

5 year 15000-2000=13000

6 year13000-2000=11000

7 year 11000-2000=9000

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