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An asset is purchased for Rs. 50,000 on which depreciation is charged according to straight line method. The useful life of asset is 10 years and its residual value is Rs. 10,000. The rate of depreciation will be

An asset is purchased for Rs. 50,000 on which depreciation is charged according to straight line method. The useful life of asset is 10 years and its residual value is Rs. 10,000. The rate of depreciation will be Correct Answer 8%

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A company owns some land and buildings for which the following details are relevant : Cost of land Taka 50,000; cost of building Taka 100,000, estimated life of building 20 years, estimated residual value of building Taka 2000; estimated residual value of land Taka 50,000. The company uses the straight line depreciation method. Which is the correct annual depreciation charge for this asset?
A purchased a machine from B at a price of purchased price to B + 15%. After using it for one year and depreciation at the rate of 8% p.a., he sold the same to C at a profit of 5%. C spent Rs. 8910 on its repairs to enhance the efficiency of the machine and treats the same as a part of the cost. He further sold the same to D at a price of purchased price + 10%. Value of the machine in the book of D is Rs. 105600 after one year provided depreciation is charged at a rate of 20% p.a. Calculate the actual cost of the machine at which it is purchased by B.
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Cost of Asset = Rs. 21,000
Scrap value = Rs. 1,000
Depreciation rate = 10% p.a.
What will be the depreciation for the second year if depreciation is charged by straight line method?
A machine was purchased for Rs. 10,000 and its life was estimated to be 3 years, and at the end of its life, its book value was Rs. 5,120. If depreciation is calculated according to Diminishing Balance method, the rate of depreciation would be:
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A company purchased a vehicle for Rs.6000. It will be used for 5 years and its residual value is expected to be Rs.1000. What is the annual amount of depreciation using straight line method of depreciation?
Five friends P, Q, X, Y and Z purchased some notebooks. The relevant information is given below: 1. Z purchased 8 notebooks more than X did. 2. P and Q together purchased 21 notebooks. 3. Q purchased 5 notebooks less than P did. 4. X and Y together purchased 28 notebooks. 5. P purchased 5 notebooks more than X did. If each notebook is priced ₹40, then what is the total cost of all the notebooks?
A machine is purchased for Rs. 10,000,00 and has an estimated life of 10 years. The salvage value at the end of 10 years is Rs. 1,50,000. The book value of the machine at the end of 5 years using general straight line method of evaluation of depreciation is