The written down value of machine on 31st March 2013 is Rs 72,900. The machine was purchased on 1st April, 2010. Depreciation is charged @ 10 % p.a by diminishing balance method. The cost price of the machine = ?

1, 00, 000

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90, 000

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81, 000

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72, 000

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Solution

The correct option is A Rs $1, 00, 000$
WDV on 31st march 2013 = RS-72900 x 100/90
= RS-81,000
WDV on 31st march 2012 = RS-81,000 x 100/90
= RS-90,000.
Value on 1st April 2013 = RS-90,000 x 100/90
= RS-1,00,000.

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The written down value of machine on 31st March 2013 is Rs 72,900. The machine was purchased on 1st April, 2010. Depreciation is charged @ 10 % p.a by diminishing balance method. The cost price of the machine = ?

The correct option is A Rs1,00,000WDV on 31st march 2013 = RS-72900 x 100/90 = RS-81,000WDV on 31st march 2012 = RS-81,000 x 100/90 = RS-90,000.Value on 1st April 2013 = RS-90,000 x 100/90 = RS-1,00,000.

The correct option is A Rs $1, 00, 000$
WDV on 31st march 2013 = RS-72900 x 100/90
= RS-81,000
WDV on 31st march 2012 = RS-81,000 x 100/90
= RS-90,000.
Value on 1st April 2013 = RS-90,000 x 100/90
= RS-1,00,000.