Question

X Ltd. purchased machine on 1st July, 2009 for Rs. 2,00,000. Depreciation is charged 10% p.a. with straight line method. Accounts are closed on 31st March every year. Calculate the value of Machine after two years. *
5 points
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Answer 1

Answer:

1 july 2009. =. 200000

- depreciation. =. 15000

on mar. 2010.

1.4 .2010. 185000

-depreciation

on mar. 2011. 20000

1.4.2011. 165000

value of machine after two year 165000