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

CA Inter

★ 2K+

08-Dec-20 12:51

828

Answers (1)

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

CA Suraj Lakhotia

Admin

09-Dec-20 15:49