If Cost of Machine-Rs.200000, Estimated Scrap Value-Rs.15000, Estimated Life of Asset – 5years. What will be the amount of depreciation if calculated as per straight Line Method?

Options
- 47800
- 40000
- 37000
- 36500

CORRECT ANSWER : 37000

Discussion Board
Congulatulation

Thank you for your explanation is real help me alot

Shafodino hilenu 06-15-2020 09:03 AM

accountancy

i am accountant

vikash 11-5-2016 02:52 PM

explanation

20000-15000=185000
185000÷5=37000
37000 is correct answer
Equation is
Total asset value-scrap value÷estimated life time

nagarjuna 03-28-2016 12:31 PM

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