Question

the value of an asset on 1st January

Answer 1

Answer:

Correct option is

C

Rs.11,548

Annuity factor = 0.230975 (Taken from table)

The annual charge for depreciation reckoning interest at 5% p.a. would be 0.230975

the annual depreciation =Rs. 50,000 x 0.23975 =Rs. 11,548.75 i.e. Rs. 11,548