Machinery Rate is 12000/- and residual value is 2000/- and life span is 1

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Question

Machinery Rate is 12000/- and residual value is 2000/- and 
life span is 10yrs.Calculate the dep in Straight line 
method.

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Answer Posted By

Re: Machinery Rate is 12000/- and residual value is 2000/- and life span is 10yrs.Calculate the dep in Straight line method.

Answer
# 1

12000-2000/10
1000.

Is This Answer Correct ?

6 Yes

1 No

Sathishkumar

Re: Machinery Rate is 12000/- and residual value is 2000/- and life span is 10yrs.Calculate the dep in Straight line method.

Answer
# 2

cost of machinery = 12000
estimated life of the machinery is 10 years
residual value = 2000
for: depriciation = cost of machinery - salvage 
value/estimated life of the machinery

12000 - 2000/10 = 1000

Is This Answer Correct ?

8 Yes

1 No

Bhasker

Re: Machinery Rate is 12000/- and residual value is 2000/- and life span is 10yrs.Calculate the dep in Straight line method.

Answer
# 3

Machinery Rate = 12000
Residual Valu = 2000
Total Life Span = 10 years

Machinery Rate + Residual Value / Total Life Span year of 
machine

12000+2000/10

1400

due to straight line method

Is This Answer Correct ?

1 Yes

3 No

Aleem

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