CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

A & C Ltd. manufacturing loose tools and spare parts for its own use at the each of each year depreciation is charged on revaluation method. What would be the annual depreciation charge for the year ending $$31$$st March, $$2014$$ from the following particulars:
(a) Loose tools in hand as on $$1$$st April, $$2013$$-Rs. $$5100$$.
Loose tools manufacturing during $$2012-13$$- Rs. $$8,000$$.
Loose tools revalued as on $$31-3-2014$$ - Rs. $$9,100$$.


A
Rs.4,000
loader
B
Rs.3,500
loader
C
Rs.3,100
loader
D
Rs.1,900
loader

Solution

The correct option is B $$Rs.4,000$$
Annual depreciation charge = (loose tools on hand + loose tools manufactured during the year) - loose tool revalued
Annual depreciation charge = (Rs. 5,100 + Rs. 8,000) - RS. 9,100
Annual depreciation charge = Rs. 4,000

Mathematics

Suggest Corrections
thumbs-up
 
0


similar_icon
Similar questions
View More


similar_icon
People also searched for
View More



footer-image