Question

What will be the journal entry if depreciation is charged 10% per annum for 1month on furniture worth 30000

Answer 1

Answer:

1 year depreciation on furniture = 3000

Explanation:

furniture worth ₹30000

depreciation charge = 10%

1 year depreciation on furniture is

(30000x10%) =3000

₹3000 is a 1 year depreciation.