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Depreciation

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 Foundation

825

08-Dec-20 12:51

6

Answers (1)

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


Suraj Lakhotia

Suraj Lakhotia

Admin

09-Dec-20 15:49