Question

Ram Purchased computer on 01.04.2010 for 6, 00,000. They are charging depreciation on written down value method. On 31.3.2011, they sold the computer for 1, 65,000 and incurred a loss of 75,000. What was the rate of depreciation p.a.? ​

Answer 1

Explanation:

Calculation of rate of depreciation of car p.a. :

Particulars Amount (Rs.)

Less:

Less:

Book value of car as on 1.04.08

Sales value of asset as on 31.03.09

Loss on sales

Depreciation on car for the year 1.04.08 - 31.03.09 300000

(165000)

(75000)

60000

Rate of depreciation = (Depreciation on Asset / book value of asset) * 100

Rate of depreciation = Rs. (60000/300000) * 100

Rate of depreciation = 20%

Answer 2

Explanation:

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