
Question No 1 Chapter No 11 - Unimax Class 11
Straight Line Method
A company purchases a plant for ₹ 20,000. The useful life of the plant of the plant is 8 years and the estimated residual value after 8 years id ₹ 4,000. Determine the rate of depreciation if management wants to depreciate it by straight line method.
| Total Value | - | Residual Value |
| Useful Life | ||
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Read out the full article to know the meaning of Depreciation
Depreciation | Meaning | Methods | Examples
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Also, Check out the same article in Hindi from the following link
Depreciation | Meaning | Methods | Examples-in Hindi
Also, Check out the solved question of all Chapters: –
Part-I
Students may choose only one part from the Part II and Part III
Part-II
Part-III
Read out the full article to know the meaning of Rectification of Errors
Error Rectification in accounting – Explanation with examples
Also, Check out the same article in Hindi from the following link
Error Rectification in accounting – Explanation with examples-in Hindi
Also, Check out the solved question of all Chapters: –
Part-I
Students may choose only one part from the Part II and Part III
Part-II
Part-III
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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