Question

ule Urahch Rs. 3,000.]
The Balance of an asset account on 1-4-2005 was Rs 90,000 which was sent
1
1., pr, 2008]
Rs. 70,000
asset at 20% on straight line method. On 31-3-2006 the written down value
of this asset in the Books of the Branch would be -​

Answer 1

Answer:

According to straight line method, the amount of yearl -depreciation is calculated as follows:

According to straight line method, the amount of yearl -depreciation is calculated as follows:Depreciation = (Cost of asset - Scrap value) / Estimated life and,

According to straight line method, the amount of yearl -depreciation is calculated as follows:Depreciation = (Cost of asset - Scrap value) / Estimated life and,Depreciation = Rs. ( 50000 - 10000 ) / 10

According to straight line method, the amount of yearl -depreciation is calculated as follows:Depreciation = (Cost of asset - Scrap value) / Estimated life and,Depreciation = Rs. ( 50000 - 10000 ) / 10Depreciation = Rs. 4000

According to straight line method, the amount of yearl -depreciation is calculated as follows:Depreciation = (Cost of asset - Scrap value) / Estimated life and,Depreciation = Rs. ( 50000 - 10000 ) / 10Depreciation = Rs. 4000Depreciation rate = (Depreciation expense / Cost of asset) * 100

According to straight line method, the amount of yearl -depreciation is calculated as follows:Depreciation = (Cost of asset - Scrap value) / Estimated life and,Depreciation = Rs. ( 50000 - 10000 ) / 10Depreciation = Rs. 4000Depreciation rate = (Depreciation expense / Cost of asset) * 100Depreciation rate = (Rs. 4000 / Rs. 50000 ) * 100

According to straight line method, the amount of yearl -depreciation is calculated as follows:Depreciation = (Cost of asset - Scrap value) / Estimated life and,Depreciation = Rs. ( 50000 - 10000 ) / 10Depreciation = Rs. 4000Depreciation rate = (Depreciation expense / Cost of asset) * 100Depreciation rate = (Rs. 4000 / Rs. 50000 ) * 100Depreciation rate = 8%