Question
2. Consider the following information : i. Rate of depreciation under the written down method = 20%. ii. Original Cost of the asset= Rs.1,00,000.
2. Consider the following information : i. Rate of depreciation under the written down method = 20%. ii. Original Cost of the asset= Rs.1,00,000. iii. Residual value of the asset at the end of useful life = Rs.40,960 iv. The estimated useful life of the asset, in years is 4 years. ii. Depreciation for 4th year = 10,240 20,000 16,000 12,800
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Intermediate Accounting Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian Edition
1119497043, 978-1119497042
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