By this method we find useful life of assets`n'
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Rate of depreciation = [1-nth root of s/c]*100 | ||||
Where R = | ||||
Rate of Depreciation (in %), | ||||
n = Useful | 2100 | |||
life of the asset (in years) | ||||
s = Scrap | ||||
value at the end of useful life of the asset | ||||
c= Cost of |
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the asset |