Question
A company purchased a machinery for Rs.4,50,000. The
machine is expected to have a useful life is 7 years after which it can salvage a value of Rs.30,000. If the company charges depreciation at 10% using the Straight Line Method, what will be the value of depreciation for 3rd year?Solution
As per Straight line method, Depreciation = (Cost - Salvage Value)/ Estimated useful life Here Cost = 4,50,000 and Salvage Value = 30,000, Therefore Depreciation = (4,50,000 – 30,000)/7 = 60000.
More Accounts Questions
The presence of which bacteria is an indicator of water pollution?
The phase of menstrual cycle in which ovulation occurs is called:
Identify the correctly matched pair:
The rhythmic contraction of the muscles lining the gut to push food along is called:
________carries/carry hereditary material.
In a velvet grass seed, the cotyledon is called :
In diploid organisms, which of the following undergoes meiosis ?
How many types of cell signalings are there?
Which type of muscular tissue is multinucleated?
The scientific name of vitamin B12Â is:
Relevant for Exams:
