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Mr. ‘X’ purchased Furniture on 1st October 2015 at ₹ 2,80,000 and spent ₹ 20,000 on its installation. He provides depreciation at 6% - Book Keeping and Accountancy

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प्रश्न

Mr. ‘X’ purchased Furniture on 1st October 2015 at ₹ 2,80,000 and spent ₹ 20,000 on its installation. He provides depreciation at 6% under the straight-line method on 31st March 2016. Calculate the amount of depreciation.

योग
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उत्तर

Depreciation as per straight line method = Cost of Furniture × Percentage × Period

=  `3,00,000 × 6/100 × 6/12`

=  ₹ 9,000

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अध्याय 7: Depreciation - Exercises [पृष्ठ २४४]

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बालभारती Book Keeping and Accountancy [English] Standard 11 Maharashtra State Board
अध्याय 7 Depreciation
Exercises | Q 8. 3. | पृष्ठ २४४

संबंधित प्रश्न

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Answer in One Sentence only:

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The type of asset on which depreciation is charged.


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Expenses incurred for fixation of the new asset to bring it in working condition.


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Method of depreciation that cannot reach to zero value.


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Depreciation is charged only on ______ assets.


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The amount of depreciation reduces year after year under ______


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Depreciation is charged on fixed assets.


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Depreciation is charged on Current Assets only.


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