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If original cost is 1,36,000 salvage value is 10,000 and useful life is 6years. Depreciation will beunder straight line method. |
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Answer» The amount of DEPRECIATION will be 21,000Explanation:GIVEN :• The original cost on the Asset = 1,36,000• Salvage Value = 10,000• ESTIMATED useful LIFE of Asset (in years) = 6 YEARSTO find :• Amount of depreciationSolution :★ Annual Depreciation :Annual Depreciation = (Total cost of Asset - Salvage Value) / Estimated useful life of asset• Annual Depreciation :⇒ ⇒ 1,36,000 - 10,000⇒ 1,26,000⇒ Annual Depreciation = 21,000Therefore,The amount of depreciation will be 21,000 |
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