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प्रश्न
An asset is purchased for ₹ 50,000. The rate of depreciation is 15% p.a. Calculate the annual depreciation for the first two years under the diminishing balance method.
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उत्तर
Calculation of depreciation of Machinery-
| Cost of the assets | 50,000 |
| Less: Depreciation for 1st year at 15% as 5000 | 7,500 |
| 42,500 | |
| Less: Depreciation for 2nd year at 15% as 42,500 | 6,375 |
| Book Value | 36,125 |
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संबंधित प्रश्न
Answer in One Sentence only:
What is a ‘Scrap Value’ of an asset?
Write the word/term/phrase which can substitute the following statement:
The period for which the asset remains in working condition.
Do you agree or disagree with the following statement:
Under written down value method the Depreciation curve slopes parallel to 'X' axis.
Complete the following sentence:
Under ______ system, the amount of depreciation changes every year.
Complete the following sentence:
In Fixed Instalment System the amount of depreciation is ______ every year.
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Show Motor Car Account for first four years, assuming that the books of accounts are closed on 31st March every year.
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