1.

On 1st July 2017, a machine is purchased for ` 1,75,000 and `25,000 are spent on its installation.Depreciation is charged @ 10% p.a. on diminishing balance method. Books are closed on 31st March each year. On 31st March, 2020 depreciation charged will be :(A) ` 18,500 (B) ` 18,000 (C) ` 16,200 (D) ` 16,650​

Answer»

Answer:

16650

Explanation:

in year 2017 DEPRECIATION is 10%of 200000 for 9 MONTHS =15000

which will be depreciated on 31st march 2018

and again depreciation of 2018 is 10%of (200000-15000)=185000 =18500 similarly on 31st march 2020 tge depreciation amount will be 16650 .



Discussion

No Comment Found

Related InterviewSolutions