Depreciation accounting
This query is : Resolved
10 April 2015
On 1st January 2006,furniture is Rs.20000 .During the year a part of the furniture whose book value on 1st January is Rs.1200 has been exchanged with another furniture by paying additional Rs.500. The rate of depreciation is 10% p.a. what will be the net amount of the furniture in the balance sheet? Please tell the method.
Vishnu Saboo
(Expert)
04 May 2015
it must be 19300 if furniture replaced on 1.1.06
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