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.

4500

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2700

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3200

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5400

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Solution

The correct option is B
2700

Depreciation = 2700 (45000 $\times$ $\frac{12}{100}$ $\times$ $\frac{6}{12}$ )

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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.

The correct option is B 2700 Depreciation = 2700 (45000× 12100× 612 )

The correct option is B
2700

Depreciation = 2700 (45000 $\times$ $\frac{12}{100}$ $\times$ $\frac{6}{12}$ )