Please solve this query as it is very urgent need.
1) The original cost of machinery is Rs. 100000/- , its life is 5 years and the expected salvage value is Rs. 2000/-. then depreciation for 3rd year as per straight line method shall be -
Please reply
Regards Chetan email id : Chetan_cares4u@yahoo.co.in
22 February 2010
Absolutely right n the rate of dep will be 19600/1,00,000* 100 = 19.60% The same question is there in MCQ of CPT Dep Chapter. Regards, CA Shakuntala Chhangani
CAclubindia
