An assets is purchased for 50000 Rs., the useful life of the assets is 10 years and residual value is 10000 Rs. and the rate of depreciation is 8%, which method is used

Options :
  1. written down value method
  2. straight line method
  3. sum of years digit method
  4. insurance policy method
Answer and Explanation :-

Answer: Option 2

Explanation:

Sorry there is no explanation for this answer. Please help others by posting your response below

How do you rate this queston?  Very Easy  Easy  Average  Above Average  Tough

Previous Question : "Depreciation represents that part of the cost of fixed assets to its owner which is not recoverable...

Next Question : If partner give loan to firm, so he receives interest

Click here for online test on Financial Accounting

More available Categories:-

Responses


 (Getemail alerts when others member replies)







In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.
-Robert T. Kiyosaki Rich Dad Poor Dad