An asset with its purchasing price of Rs. 530,000 was imported from its manufacturing place holding Rs. 80,000 as carrying cost. Installation charges for that asset are Rs, 27,500. Tax paid to the government is 30% of its total cost till it gets ready and useful for business operations. Manager's fee was also paid of Rs. 30,000. Annuity value for one rupee is 0.3178. Interest rate was given at 8%. Depreciate the asset for 5 years using SLM annuity method.

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Carrying cost In marketing carrying cost carrying cost of inventory or holding cost refers to the to... View the full answer