Question

Unicon Ltd purchased furniture 200000 on 1 Jan 2018 .It charges depreciation @15% p.a. on diminishing balance method. Furniture has estimated life of 10 years and after that it's scrap value will be 10000 . Calculate depreciation which you will provide in 1st year assuming that depreciation is charged on 31 December every year.
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Answer 1

Explanation:

Unicon Ltd purchased furniture 200000 on 1 Jan 2018 .It charges depreciation @15% p.a. on diminishing balance method. Furniture has estimated life of 10 years and after that it's scrap value will be 10000 . Calculate depreciation which you will provide in 1st year assuming that depreciation is charged on 31 December every year.

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Answer 2

Unicon Ltd purchased furniture 200000 on 1 Jan 2018 .It charges depreciation @15% p.a. on diminishing balance method. Furniture has estimated life of 10 years and after that it's scrap value will be 10000 . Calculate depreciation which you will provide in 1st year assuming that depreciation is charged on 31 December every year.

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