Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A machine was purchased for Rs . 1 , 0 0 0 and its life was estimated to be 3 years and at the end

A machine was purchased for Rs.1,000 and its life was estimated to be 3 years and at the end of life its book value will be Rs.512. If depreciation is calculated according to written down value method. The rate of depreciation would be:
A.25%
B.15%
C.20%
D.10%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles A Business Perspective

Authors: Susan D. Hermanson, James Don Edwards, Roger H. Herman

9th Edition

1930789475, 978-1930789470

More Books

Students also viewed these Accounting questions