wdv of factory on 1-4-2016 is Rs8,50,000 and addition of Rs 1,50,000 was made on 1-1-2017 calculate amount of depreciation if rate of depreciation is @ 10 percent
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Answer:
WDV on 1-4-2016 = 850000
Addition on 1-1-17 = 150000
Depreciation on opening balance = 850000 * 10/100 = 85000
Depreciation on addition = 150000 * 10/100 * 3/12 = 3750
Total Depreciation = 85000 + 3750 = Rs 88750
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Answer:
plz explain in detail how to solv it
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