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Straight Line Method(SLM)

ABC Industrie...

Question

ABC Industries Ltd. purchased a new Machinery on $1 - 1 - 2011$ for Rs. $2, 75, 000$ and spent Rs. $25, 000$ on its installation. Machine is subject to $10 %$ depreciation on the original cost. The company sold the Machinery on $31 - 12 - 2015$ for Rs. $1, 45, 000$ . Find out the accumulated depreciation on the Machine as on $31 - 12 - 2015$ .

Rs.

1, 25, 000

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Rs.

1, 35, 000

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Rs.

1, 05, 000

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Rs.

1, 50, 000

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Solution

The correct option is D Rs. $1, 50, 000$
Accumulated depn = 30000 + 30000 + 30000 +30000 + 30000 = 150000

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The correct option is D Rs. 1,50,000Accumulated depn = 30000 + 30000 + 30000 +30000 + 30000 = 150000

The correct option is D Rs. $1, 50, 000$
Accumulated depn = 30000 + 30000 + 30000 +30000 + 30000 = 150000