Find out the rate of depreciation under straight-line method from the

1.	Find out the rate of depreciation under straight-line method from the following details: Original cost of the asset Rs.10,000; Estimated life of the asset 10 years; Estimated scrap value at the end Rs.2,000?
Answer» Value at the end Rs. 2,000. Amount of Depreciation = (Original Cost - Scrap value) / (Estimated Life) = (10,000 - 2,000) / 10 = 8,000/10 = Rs. 800/- Rate of Depreciation = (Amount of Depreciation) / (Original Cost) x 100 = 800/10,000 x 100 = 8%

Find out the rate of depreciation under straight-line method from the following details: Original cost of the asset Rs.10,000; Estimated life of the asset 10 years; Estimated scrap value at the end Rs.2,000?

Answer»

Value at the end Rs. 2,000.

Amount of Depreciation = (Original Cost - Scrap value) / (Estimated Life)

= (10,000 - 2,000) / 10

= 8,000/10

= Rs. 800/-

Rate of Depreciation = (Amount of Depreciation) / (Original Cost) x 100

= 800/10,000 x 100

= 8%

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Find out the rate of depreciation under straight-line method from the following details: Original cost of the asset Rs.10,000; Estimated life of the asset 10 years; Estimated scrap value at the end Rs.2,000?

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