CBSE Class 11-commerce Answered
Cost
of Machine purchased by Vishal and Co. is Rs.6,20,000 with salvage value Rs.8,000. What will
be the amount of depreciation in the second year as according to written down
value method. Charge depreciation @ 10% per annum.
Asked by Topperlearning User | 04 Aug, 2016, 01:26: PM
Expert Answer
Depreciation for 1st year |
= 6,20,000*10/100 |
|
= Rs.62,000 |
Depreciation for 2nd year |
= (6,20,000-62,000) *10/100 |
|
= 5,58,000*10/100 |
|
= Rs.55,800 |
Particulars |
Amount Rs. |
Cost of Machine |
6,20,000 |
1st year Depreciation |
62,000 |
WDV after 1st year |
5,58,000 |
2nd year Depreciation (5,58,000*10/100) |
55,800 |
|
5,02,200 |
Answered by | 04 Aug, 2016, 03:26: PM
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ANSWERED BY EXPERT
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ANSWERED BY EXPERT