Depreciation doubt....

bhargav (student) (91 Points)

27 May 2011  

Hi friends..

I have a doubts please clarify it...

1) A company purchased a machinery on April01,2000 forRs.1,50,000.It is estimated that the machinery will have a useful life of 5 years after which it will have no salvage value.If the depreciation charged during the year 2004-2005 was....

a)Rs.50000   b)Rs.40000    c)30000   d)10000

2)An asset was purchased for Rs.1,00,000 on which depreciation was provided @ 15% on S.L.M.method,the W.D.V.of the asset at the end of two years is

a)70000          b)85000          c)15000    d)72250.

Reply with solutions please..............