Interested to Buy Any Domain ? << Click Here >> for more details...
Machinery Rate is 12000/- and residual value is 2000/- and
life span is 10yrs.Calculate the dep in Straight line
method.
- 8 Answers
- 12654 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / ak&
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=10000
10000*10/100=1000
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
difference between contra entry and double entry?
Took goods from the shop for use at home. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
Raju put labour charges bill for Rs 65000/- You are directed to deduct 5% security deposit and 1.15% TDS from the bill. Pass journal entry for it
how to prepare HSD statements in tally
define drawer or maker
Received cheque Rs 250000 which is exclusive of 5% Security deposit 2.24% income tax and i% miscellaneous recovery. Pass necessary entry
Expand--------SRTA
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
What is revaluation of Accounts, how does it is accounted in business
What are Mortgage Payment Problems?
what did you mean by cash credit limit account ?
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
wages posted twice what is the entry for that?
Feature of Master letter of credit of Garments manufacturing company?
Please share different type of Z report
