A boiler was purchased from abroad for ₹ 10,000. Shipping and forwarding charges ₹ 2,000, Customs Duty ₹ 7,000 and expenses of installation amounted to ₹ 1,000

Anurag Pathak
October 24, 2023
Depreciation

436 viewsOctober 24, 2023Depreciation

Anurag Pathak 24.17K October 24, 2023 0 Comments

A boiler was purchased from abroad for ₹ 10,000. Shipping and forwarding charges ₹ 2,000, Customs Duty ₹ 7,000 and expenses of installation amounted to ₹ 1,000.

Calculate depreciation for each of the first three years @ 10% p.a. as per Diminishing Balance Method.

Anurag Pathak Changed status to publish October 24, 2023

Add a Comment

1 Answer

Anurag Pathak 24.17K Posted October 24, 2023 0 Comments

Solution:-

Anurag Pathak Changed status to publish October 24, 2023

Add a Comment

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 6875

1 Answer

Anurag Pathak

Related Questions