Question

The amount of depreciation charged
for an asset costing rupees 15000 at
the rate of 10% per annum
depreciation for the second yea
under straight line method and under
diminishing balance method
respectively will be​

Answer 1

Answer:

Depreciation for 2nd year by using :

1. Straight Line Method will be ₹1500

2. Diminishing Balance Method will be ₹1350

(for solution refer to attachment)