Value of an asset is 9 lakh, scrap value is 125000, estimated life is 10 years the cost of depreciation under straight-line method will be

Name: Value of an asset is 9 lakh, scrap value is 125000, estimated life is 10 years the cost of depreciation under straight-line method will be
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Question

Quizplus · Accepted Answer

The straight-line method of depreciation is calculated by subtracting the scrap value from the asset's cost and then dividing by the asset's useful life. Here, (900000 - 125000) / 10 = 77500.

Value of an Asset Is 9 Lakh, Scrap Value Is