An asset was purchased in $2010$ at $R s .10000$ . Calculate the opening balance amount after $2$ years when depreciation is charged @ $10$ % p.a. under the straight line method.

Rs.8,000

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Rs.8,100

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Rs.9,000

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Rs.10,000

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Solution

The correct option is A Rs.8,000
under fixed installment method, the amount of depreciation remains constant.

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An asset was purchased in 2010 at Rs.10000. Calculate the opening balance amount after 2years when depreciation is charged @10% p.a. under the straight line method.

The correct option is A Rs.8,000under fixed installment method, the amount of depreciation remains constant.

An asset was purchased in $2010$ at $R s .10000$ . Calculate the opening balance amount after $2$ years when depreciation is charged @ $10$ % p.a. under the straight line method.

The correct option is A Rs.8,000
under fixed installment method, the amount of depreciation remains constant.