Question No 21 Chapter No 13
Calculation of Rate of Depreciation on WDV
21. A machine is purchased for Rs 2,00,000 and its estimated scrap value after five years is Rs 40,000. the machinery is to be charged depreciation on Reducing Balance method. Find out the per cent rate of depreciation per annum
Depreciation is provided at 10% per annum on original cost every year. Show the plants account for three years , when books are closed o 31st March every year.
The solution of Question No 21 Chapter No 13:-
Depreciation | Meaning | Methods | Examples
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Also, Check out the solved question of all Chapters: –
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Vouchers and transactions
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Chapter No. 4 – Journal
Chapter No. 5 – Ledger
Chapter No. 6 – Cash Book
Chapter No. 7 – Other Subsidiary Books
Chapter No. 8 – Journal Proper
Chapter No. 9 – Trial Balance
Chapter No. 10 – Bank Reconciliation Statement
Chapter No. 11 – Depreciation
Chapter No. 12 – Provisions and Reserves
Chapter No. 13 – Bills of Exchange
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Chapter No. 14 – Rectification of Errors
Chapter No. 15 – Financial Statements – (Without Adjustments)
Chapter No. 16 – Financial Statements – (With Adjustments)