A boiler was purchased from abroad for ₹ 10,000. Shipping and forwarding charges ₹ 2,000, Import duty, ₹ 7,000 and expenses of installation amounted to ₹ 1,000
A boiler was purchased from abroad for ₹ 10,000. Shipping and forwarding charges ₹ 2,000, Import duty, ₹ 7,000 and expenses of installation amounted to ₹ 1,000.
Calculate the Depreciation for the first three years (separately for each year) @ 10% p.a. on Diminishing Balance Method.
[Balance after 3 years – ₹ 14,580.]
[Hint: Depreciation: 1st Year = ₹ 2,000; 2nd Year – ₹ 1,800; and 3rd Year = ₹ 1,620.]
Anurag Pathak Changed status to publish September 27, 2023
