Asset purchased on 1st September 2020 for $R s .15000$ . Calculate depreciation as on 31 March 2021 on the asset, rate of depreciation is 12% ____________.

Rs.1050

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Rs.1075

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Rs.1875

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Rs.13125

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Solution

The correct option is A Rs.1050
Cost of Assets Rs.15000
Rate of depreciation @12%
Depreciation for the year 12% on Rs.15000 i.e. Rs.1800
Asset purchase on 1st September, hence depreciation has to be charged for 7 months.

Depreciation for 7 month will be = Rs.1200 *7
12
= Rs.1050.

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Asset purchased on 1st September 2020 for Rs.15000. Calculate depreciation as on 31 March 2021 on the asset, rate of depreciation is 12% ____________.

The correct option is A Rs.1050Cost of Assets Rs.15000Rate of depreciation @12%Depreciation for the year 12% on Rs.15000 i.e. Rs.1800Asset purchase on 1st September, hence depreciation has to be charged for 7 months.Depreciation for 7 month will be = Rs.1200 *7 12 = Rs.1050.

Asset purchased on 1st September 2020 for $R s .15000$ . Calculate depreciation as on 31 March 2021 on the asset, rate of depreciation is 12% ____________.

The correct option is A Rs.1050
Cost of Assets Rs.15000
Rate of depreciation @12%
Depreciation for the year 12% on Rs.15000 i.e. Rs.1800
Asset purchase on 1st September, hence depreciation has to be charged for 7 months.

Depreciation for 7 month will be = Rs.1200 *7
12
= Rs.1050.