Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

X purchased a new office equipment for Rs. 50,000 on 1-04-09 he incurred Rs. 6,000 on its transportation and Rs. 4,000 on its erection

 

X purchased a new office equipment for Rs. 50,000 on 1-04-09 he incurred Rs. 6,000 on its transportation and Rs. 4,000 on its erection and installation. The estimated useful life of the equipment is 10 years at the expiry of which the scrap value of the equipment will be Rs. 5,000. What is the depreciable value of the office equipment?

Step by Step Solution

3.47 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

Depreciable value of the office equipment is equal 55000 X purchase a new offic... 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

Step: 3

blur-text-image

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

Elementary Statistics Picturing The World

Authors: Ron Larson, Betsy Farber

6th Edition

0321911210, 978-0321911216

More Books

Students also viewed these Accounting questions

Question

Eliminate street slang.

Answered: 1 week ago

Question

How do you think adults might react in a similar experiment?

Answered: 1 week ago