Question

Rajesh and sons purchase a machine on 1 oct 2008 for rupees 20000 deprecation is provide at 15% on original cost method

Answer 1

Explanation:

Purchase of Machine=20,000

Depreciation rate=15%

Amount of Depreciation=Cost of Machine×Rate/100

=20,000×15/100×6/12

=1500(Assuming that accounting period is Financial year not a calendar year)

Hope it helps you

Answer 2

machine =20000

depreciation rate=15% amount

amount of depreciation=cost of Machine*rate/100

20000*15/100*6/12