Question

X purchased a machinery for 500000 on 1st April 2017 the scrap value of the machinery is 10000 and it is useful life is 10 years calculate the amount of depreciation

Answer 1

Answer:40000

Explanation:

amount of depreciation=amount of machinery-scrap value/estimates life

amnt. of dep.=500000-100000/10

amnt.of dep.=400000/10

amnt.of dep.=40000