A non-current asset cost Rs. 32,700 and has an estimated residual value of Rs. 2,700 after 4 years. Using the WDV method @ 10%, the written down value (WDV) after 3 years is:
Rs. 23,838
Year | Value | Depreciation at 10 % | WDV |
1 | 32,700 | 3,270 | 29,430 |
2 | 29,430 | 2,943 | 26,487 |
3 | 26,487 | 2,649 | 23,838 |