Question

10% p.a. Depreciation on Furniture ₹ 50,000 (for three months)

Answer 1

10 % p.a. Depreciation on Furniture ₹ 50,000 (for three months)

Depreciation = Cost of Asset × Rate × Period

`= 50,000 xx 10/100 xx 3/12`

= ₹ 1250 Depr. for 3 months

Thus, Depreciation on furniture @10% on ₹ 50,000 for 3 months = ₹ 1250.