CameraIcon

SearchIcon

MyQuestionIcon

9

You visited us 9 times! Enjoying our articles? Unlock Full Access!

Trading & Profit or Loss Account

Depreciable v...

Question

Depreciable value of an asset is equal to _______________.

A

Cost + scrap value

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

B

Cost + market price

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

C

Cost - scrap value

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

D

None of the given options

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

Open in App

Solution

The correct option is A Cost - scrap value
cost-scrap value. There are many methods for calculating the depreciation on fixed assets depending upon a company s policies and purposes.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Depreciation = Cost of asset less scrap value / Estimated working _____ of assets.

D e p r e c i a t i o n = \frac{Cost of Asset less Scrap Value}{Estimated Working ____________ of Asset}

.

Q. Original cost of asset : 80,000 scrap value : 10,000 Life of asset : 10 years
calculate annual depreciation ______.

Q. According to method, the formula of depreciation is

\frac{C o s t o f t h e a s s e t - S c r a p v a l u e}{L i f e o f t h e a s s e t}

Q. The value of an asset is Rs.9,00,000 and scrap value is Rs.1,25,000. If the life of asset is 10 years, then the cost of depreciation is . (SLM Method)

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Profit or Loss Account

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Trading & Profit or Loss Account

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon