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A boiler was purchased from abroad for ₹ 10,000. Shipping and forwarding charges ₹ 2,000, Import duty ₹ 7,000 and expenses of installation amounted to ₹ 1,000.Calculate the Depreciation for the first three years (separately for each year) 10% p.a. on Diminishing Balance Method.

Answer» A boiler was purchased from abroad for ₹ 10,000. Shipping and forwarding charges ₹ 2,000, Import duty ₹ 7,000 and expenses of installation amounted to ₹ 1,000.

Calculate the Depreciation for the first three years (separately for each year) 10% p.a. on Diminishing Balance Method.


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