home > Sample Assignment > Accounting Homework Assignment > Calculate Depreciation By Equal

Calculate Depreciation By Equal Sample Assignment

Q. Mr. Saran Das purchased a machine by coequal for Rs. 28,000 on 1 January 1995, its probable working life was estimated at eight years and its scrap value at the end of that time Rs. 4,000. It was decided to writer off depreciation by equal annual installments over the years. Show the machinery account for the first four years.

Solution :

                                                                 Satan Das
                                                        Machinery Account

                                                           Working Note
Original cost                                                                                                           28,000
Less: Salvage value                                                                                                  4,00
Annual depreciation by equal instalments:24,000 +8 = Rs. 3000

Other Sample Assignments in Accounting Homework Assignment :

Calculate Cost of Land and Building	Calculate Depreciation
Calculate Depreciation By Equal	Calculate Depreciation Diminishing Balance
Calculate Depreciation Expense	Inventory Valuation
Calculate Cost Of Sale	Calculate Inventory And Profit
Fifo Lifo	Financial Statements profit and loss
Financal Statements

---

---