alleryStart learning →Machine costing Rs 2,00,000 is bought on 1 October; depreciation 15% a year on cost, year ends 31 March. Charge is
ARs 7,500
BRs 15,000
CRs 22,500
DRs 30,000
Answer & Solution
Correct answer: B. Rs 15,000
A full year's charge is 30,000 and only six months are used, so the charge is Rs 15,000.
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Related questions
Net income is also calledCharging depreciation on fixed assets has what effect on net profit?Rs 36,000 rent for 12 months is received on 1 January. At the 31 March year end, unearned Investment interest of Rs 12,000 a year is received for nine months only. Accrued income aCurrent assets are Rs 4,80,000 and current liabilities Rs 3,10,000. Net current assets arePurchases Rs 4,00,000, purchase returns Rs 25,000, carriage inwards Rs 5,000. Net cost of Gross sales Rs 6,40,000 and sales returns Rs 15,000. Net sales areCost of goods sold is Rs 6,50,000 and net sales Rs 6,20,000. The result is