Cost of machine=1,90,000 Installation=10,000 Scrap=50,000 Life=6 yrs Calculate depreciation as per SLM method
A)25,000
B)23,333
C)33,333
D)21,666

Name: Cost of machine=1,90,000 Installation=10,000 Scrap=50,000 Life=6 yrs Calculate depreciation as per SLM method A)25,000 B)23,333 C)33,333 D)21,666
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Question

Quizplus · Accepted Answer

The Straight Line Method (SLM) of depreciation is calculated as (Cost of Machine - Scrap Value) / Useful Life. Here, it is (1,90,000 + 10,000 - 50,000) / 6 = 25,000.

Cost of Machine=1,90,000 Installation=10,000 Scrap=50,000 Life=6 Yrs Calculate Depreciation as Per