Annual depreciation of machine is 40000, cost of machine is 500000, rate of depreciation according to straight-line method will be

Name: Annual depreciation of machine is 40000, cost of machine is 500000, rate of depreciation according to straight-line method will be
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

The rate of depreciation according to the straight-line method is calculated by dividing the annual depreciation by the cost of the machine and then multiplying by 100 to get the percentage. So, (40000 / 500000) * 100 = 8%.

Annual Depreciation of Machine Is 40000, Cost of Machine Is