Question
A vehicle purchased for ₹8,00,000 has an estimated
useful life of 5 years and a residual value of ₹1,00,000. Using the Straight-Line Method, the depreciation for the 2nd year will be:Solution
Annual Depreciation = (Cost – Residual Value) / Useful Life = (8,00,000 – 1,00,000) / 5 = ₹1,40,000. Under SLM, depreciation is constant every year.
More Depreciation Questions
In each group, one word is correctly spelt. Find the correct word.
- In each sentence below four words have been printed in bold which are labeled (a), (b), (c) and (d ) One of these words may be misspelt or inappropriate in...
Find the correct spelling of the word given below.
Select the correctly spelt word.
- In each of the questions below, a sentence is given with four words highlighted in bold in the sentence. Among these bold words one may be wrongly spelt. T...
- Select the correctly spelled sentence.
- Choose the correctly spelled word from the options below:
Choose the correctly spelt word.
- In each of the questions below, a sentence is given with four words highlighted in bold in the sentence. Among these bold words one may be wrongly spelt. T...
In each of the questions below, a sentence is given with four words highlighted in bold in the sentence. Among these bold words, one may be wrongly spe...
