Question
ABC Company provides the following information:
Cost of the equipment: Rs5,000
Salvage value: Rs500
Useful life of equipment: 10 years
Under straight line method, the yearly depreciation charge is:
Cost of the equipment: Rs5,000
Salvage value: Rs500
Useful life of equipment: 10 years
Under straight line method, the yearly depreciation charge is:
Answer: Option D
:
D
Cost of asset
5000
Less:Residual value
500
Depreciable Amount
4500
Depreciation
450
(4500/10)
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:
D
Cost of asset
5000
Less:Residual value
500
Depreciable Amount
4500
Depreciation
450
(4500/10)
Was this answer helpful ?
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