depreciation accounting

mridul savio Pinto (articled trainee ) (1477 Points)

20 December 2010  

the balance in the accumulated provision for depreciation account of a company as at the beginning of the year 2008-2009 was 200000 when the original cost of the assest amounted to 1000000 .the companty charges 10pc depreciation on straight line method either the assests are sold or purchased ,the assest costing 500000 with accumulated provision as at the beginning of the year was disposed off for 80000 during the year

1.depreciation for the current year ?

2.the balance of the accumulated depreciation accounty at the end of the year considering the current year's depreciation charge would be ?