An asset is subject to $10 %$ depreciation on reducing balance method. If the book value of the asset as on $31.03.13$ is Rs. $45000$ . The Book value of the Asset as on $31.03.15$ will be ___________.

Rs.

40, 500

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs.

36, 450

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Rs.

50, 000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs.

48, 000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is D Rs. $36, 450$
Rate of depreciation = 10% on WDV
The book value of the asset on 31.03.14 is Rs. 45,000
Book value of the asset as on 31.03.14 = Rs. 45,000 - (10% x Rs. 45,000) = Rs. 40,500
Book value of the asset as on 31.03.15 = Rs. 40,500 - (10% Rs. 40,500) = Rs. 36,450

Suggest Corrections

Similar questions

Q. An asset is subject to

10 %

depreciation on reducing balance method. If the book value of the asset as on

31.03.13

is Rs.

45000

. The annual depreciation for the year

2014 - 15

amounted to _________.

The book value of asset as on 01st April 2017 is Rs. 45000. The asset is sold on 30th September 2017. What will be the amount of depreciation to be charged for the year 2017-18, if company depreciates asset @12% p.a.

Q. An asset is having the book value of Rs. 50,000 was sold for Rs.36,000. The asset account will be credited with .

Q. Gross book value of a group of asset is Rs.

130, 000

and total accumulated depreciation of Rs.

24, 000

and current depreciation of Rs.

2000

. The net book value of the asset is ____________.

Q. On using reducing balance method on an asset of Rs 40,000 at the rate of 10% p.a., depreciation for third year will be __________ .

Join BYJU'S Learning Program

An asset is subject to 10% depreciation on reducing balance method. If the book value of the asset as on 31.03.13 is Rs. 45000. The Book value of the Asset as on 31.03.15 will be ___________.

The correct option is D Rs. 36,450Rate of depreciation = 10% on WDVThe book value of the asset on 31.03.14 is Rs. 45,000Book value of the asset as on 31.03.14 = Rs. 45,000 - (10% x Rs. 45,000) = Rs. 40,500Book value of the asset as on 31.03.15 = Rs. 40,500 - (10% Rs. 40,500) = Rs. 36,450

An asset is subject to $10 %$ depreciation on reducing balance method. If the book value of the asset as on $31.03.13$ is Rs. $45000$ . The Book value of the Asset as on $31.03.15$ will be ___________.

The correct option is D Rs. $36, 450$
Rate of depreciation = 10% on WDV
The book value of the asset on 31.03.14 is Rs. 45,000
Book value of the asset as on 31.03.14 = Rs. 45,000 - (10% x Rs. 45,000) = Rs. 40,500
Book value of the asset as on 31.03.15 = Rs. 40,500 - (10% Rs. 40,500) = Rs. 36,450