How to calculate depreciation 15/85 Ã? 765000( why take 85 in denominator
JENIH FATHIMA
CA Inter
★ 0
27-May-21 08:36
617
Answers (2)
Because the balance of Plant and Machinery that is shown in Balance Sheet is already adjusted for depreciation i.e. that amount is after depreciation @15% has been deducted.