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Samikshya pvt.concern acquired a vehicle on …

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Samikshya pvt.concern acquired a vehicle on 1st january,2018 for Rs.1200000.The estimated life of vehicle is 12 years.The residual value is expected after its life for Rs.120000.Asume the books are closed on31st December every year. Required:Annual Depreciation

Posted by Anisha Malla 11 months, 2 weeks ago

CBSE > Class 11 > Accountancy

2 answers

Hiteshi Jain 3 years, 10 months ago

So annual depreciation = 90000

Hiteshi Jain 3 years, 10 months ago

Annual depreciation = (1200000-120000)/12

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