the written down value of an asset after charging three years of depreciation based on reducing balance method stood at 36450.rate of dep. is 10% per annum.what will be the original cost of asset?
Dear Student,
Regards,
Particulars | Amount (Rs) |
WDV at the end of 3rd year (given) | 36,450 |
WDV at the end of 2nd year | 40,500 |
WDV at the end of 1st Year | 45,000 |
Cost of the asset (at the beginning) | 50,000 |
Therefore , Depreciation for 1st year | 5,000 |
Depreciation for 2nd year |
4,500 |
Depreciation for 3rd year |
4,050 |
Regards,