Question

The purchase cost of asset is 25000, the salvage value is Rs 5000 and useful life is 5 years then the depreciation/year of asset isThe purchase cost of asset is 25000, the salvage value is Rs 5000 and useful life is 5 years then the depreciation/year of asset is

Answer 1

Given : The purchase cost of asset is 25000, the salvage value is Rs 5000 and useful life is 5 years  

To Find  : the depreciation/year of asset  

Solution:

The purchase cost of asset =  25000  Rs

Salvage value is Rs 5000

useful life = 5 years  

Depreciation in 5 years = 25000 - 5000 = Rs 20000

depreciation/year of asset  = 20000/5  = Rs 4000

the depreciation/year of asset    = Rs 4000

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