On April 1, 2008, a machine was purchased for 70,000. Estimated useful life of machine is
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On April 1, 2008, a machine was purchased for ₹ 70,000. Estimated useful life of machine is three with an estimate of salvage value ₹ 15,000 at the end. If company provides depreciation as per written down value method using 40% p.a. as the depreciation rate, then calculate the amount of depreciation for each of the three years.
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Here the amount of depreciation in each of the year is to be calculated on the opening net b...View the full answer
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Muhammad Salman Alvi
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