Forums

Depreciation

Accountancy

In the chapter preparation of Financial Statements, illustration 1: Why Depreciation calculated on Cost of plant and Machinery of Rs.760 @ 10%? I think it should be calculated on W.D.V i e . Cost- Accumulated depreciation?


manasa preeshma

manasa preeshma

CA Inter

1K+

08-Dec-20 12:51

364

Answers (1)

Its given in the question that 10% of depreciation is on cost.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

09-Dec-20 15:49

Individual Modules Offer
Adv Acc