Question

Ram limited purchase a motor car for rupees 400000 on 1st April 2014 another motor car was purchased on 13th September 2014 43 lakh on 1st October 2015 in motor car which was purchased on 1st April 2014 was sold for 3.6 lacs and a new motor car is purchase for 4 lakh charge at depreciation on motors car at the rate 12% per annum for 3 years

please help me
I give you 50 points.​

Answer 1

Answer:

depreciation  = ( cost  - scrap ) / estimated life

                      =  (60000 - 10000) / 10

                     =  5000

rate of depreciation  =  ( 5000 / 60000 ) x 100

                                  =  8.33 %