Question
Company X purchased machinery for ₹10 lakh, salvage
₹1 lakh, useful life 5 years. If using reducing-balance method at 40% p.a., what is depreciation expense in year 2?Solution
Year 1 depreciation = ₹10 L × 40% = ₹4 L → NBV end Yr1 = ₹6 L; Yr2 dep = ₹6 L × 40% = ₹2.4 L.
More Previous year papers Questions
? = 340.24 + 1001.97 – 6.992
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
[54.96 × √99.96 – {(25.02/6.84)% of 280.24}]/(3.032 × 19.87) = ?
41.97 × 5.12 ÷ 2.99 + 49.89 = ?× 1.99
3374.89% of 31.80 – 1739.85% of 44.72 = (?2 )% of 1188.13
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value....
99.99% of 9.99 + 299.98% of 129.98 = ?2
7/12 of 539.98 – 23.98 × 9.03 + 77.89 = ?
