Following information is extracted from the books of Arfan Ltdas on December 31
ID: 2444920 • Letter: F
Question
Following information is extracted from the books of Arfan Ltdas on December 31st, 2007.
Particulars
Cost
Depreciation
rate
Accumulated Depreciation
On 01-01-2007
Vehicles 01-01-2007
1,90,000
10%
10,000
Building 01-01-2007
4,00,000
20%
12,500
Furniture & Fixture 01-01-2007
4,15,000
15%
34,500
Land 01-01-2007
1,58,000
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You are required to calculate Written down value of eachasset and show working of complete depreciation for the year endingon December 2007.
Particulars
Cost
Depreciation
rate
Accumulated Depreciation
On 01-01-2007
Vehicles 01-01-2007
1,90,000
10%
10,000
Building 01-01-2007
4,00,000
20%
12,500
Furniture & Fixture 01-01-2007
4,15,000
15%
34,500
Land 01-01-2007
1,58,000
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Explanation / Answer
Cost
Accumulated
Depreciation
Written Down Value
Depreciation
Expense ( C ) =
( A ) - ( B ) - ( C )
( A )
( B )
{( A ) - ( B )} x
Depreciation Rate
323,425.00
Cost
Accumulated
Depreciation
Written Down Value
Depreciation
Expense ( C ) =
( A ) - ( B ) - ( C )
( A )
( B )
{( A ) - ( B )} x
Depreciation Rate
190,000.00 10,000.00 18,000.00 162,000.00 400,000.00 12,500.00 77,500.00 310,000.00 415,000.00 34,500.00 57,075.00323,425.00
158,000.00 158,000.00