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A mine was taken on lease for Rs. 2,00,00,000. It's total production capacity is 400000 metric tonnes. What will be the depreciation in 2007 if it produced 40000 metric tonnes in 2007? (a) 10 laks (b) 20 lakhs (c) 50 lakhs (d) none of these?
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A mine was taken on lease for Rs. 2,00,00,000. It's total production c...
Calculation of Depreciation:
To calculate the depreciation, we need to determine the depreciation rate and then apply it to the value of the mine.
Depreciation Rate:
The depreciation rate is determined by dividing the cost of the mine by its total production capacity.
Depreciation Rate = Cost of the Mine / Total Production Capacity
Given:
Cost of the mine = Rs. 2,00,00,000
Total production capacity = 4,00,000 metric tonnes
Substituting the values:
Depreciation Rate = 2,00,00,000 / 4,00,000 = Rs. 500 per metric tonne
Depreciation in 2007:
To calculate the depreciation in 2007, we need to multiply the depreciation rate by the production in 2007.
Depreciation in 2007 = Depreciation Rate * Production in 2007
Given:
Production in 2007 = 40,000 metric tonnes
Substituting the values:
Depreciation in 2007 = 500 * 40,000 = Rs. 2,00,00,000
Therefore, the depreciation in 2007 will be Rs. 2,00,00,000.
Answer:
The correct option is (b) 20 lakhs.
To calculate the depreciation, we need to determine the depreciation rate and then apply it to the value of the mine.
Depreciation Rate:
The depreciation rate is determined by dividing the cost of the mine by its total production capacity.
Depreciation Rate = Cost of the Mine / Total Production Capacity
Given:
Cost of the mine = Rs. 2,00,00,000
Total production capacity = 4,00,000 metric tonnes
Substituting the values:
Depreciation Rate = 2,00,00,000 / 4,00,000 = Rs. 500 per metric tonne
Depreciation in 2007:
To calculate the depreciation in 2007, we need to multiply the depreciation rate by the production in 2007.
Depreciation in 2007 = Depreciation Rate * Production in 2007
Given:
Production in 2007 = 40,000 metric tonnes
Substituting the values:
Depreciation in 2007 = 500 * 40,000 = Rs. 2,00,00,000
Therefore, the depreciation in 2007 will be Rs. 2,00,00,000.
Answer:
The correct option is (b) 20 lakhs.
Community Answer
A mine was taken on lease for Rs. 2,00,00,000. It's total production c...
Answer (d). none of these. depriciation = cost of assect -estimated production /concern year production. (20000000-400000/40000=490
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A mine was taken on lease for Rs. 2,00,00,000. It's total production capacity is 400000 metric tonnes. What will be the depreciation in 2007 if it produced 40000 metric tonnes in 2007? (a) 10 laks (b) 20 lakhs (c) 50 lakhs (d) none of these?
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A mine was taken on lease for Rs. 2,00,00,000. It's total production capacity is 400000 metric tonnes. What will be the depreciation in 2007 if it produced 40000 metric tonnes in 2007? (a) 10 laks (b) 20 lakhs (c) 50 lakhs (d) none of these? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A mine was taken on lease for Rs. 2,00,00,000. It's total production capacity is 400000 metric tonnes. What will be the depreciation in 2007 if it produced 40000 metric tonnes in 2007? (a) 10 laks (b) 20 lakhs (c) 50 lakhs (d) none of these? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A mine was taken on lease for Rs. 2,00,00,000. It's total production capacity is 400000 metric tonnes. What will be the depreciation in 2007 if it produced 40000 metric tonnes in 2007? (a) 10 laks (b) 20 lakhs (c) 50 lakhs (d) none of these?.
A mine was taken on lease for Rs. 2,00,00,000. It's total production capacity is 400000 metric tonnes. What will be the depreciation in 2007 if it produced 40000 metric tonnes in 2007? (a) 10 laks (b) 20 lakhs (c) 50 lakhs (d) none of these? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A mine was taken on lease for Rs. 2,00,00,000. It's total production capacity is 400000 metric tonnes. What will be the depreciation in 2007 if it produced 40000 metric tonnes in 2007? (a) 10 laks (b) 20 lakhs (c) 50 lakhs (d) none of these? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A mine was taken on lease for Rs. 2,00,00,000. It's total production capacity is 400000 metric tonnes. What will be the depreciation in 2007 if it produced 40000 metric tonnes in 2007? (a) 10 laks (b) 20 lakhs (c) 50 lakhs (d) none of these?.
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A mine was taken on lease for Rs. 2,00,00,000. It's total production capacity is 400000 metric tonnes. What will be the depreciation in 2007 if it produced 40000 metric tonnes in 2007? (a) 10 laks (b) 20 lakhs (c) 50 lakhs (d) none of these?, a detailed solution for A mine was taken on lease for Rs. 2,00,00,000. It's total production capacity is 400000 metric tonnes. What will be the depreciation in 2007 if it produced 40000 metric tonnes in 2007? (a) 10 laks (b) 20 lakhs (c) 50 lakhs (d) none of these? has been provided alongside types of A mine was taken on lease for Rs. 2,00,00,000. It's total production capacity is 400000 metric tonnes. What will be the depreciation in 2007 if it produced 40000 metric tonnes in 2007? (a) 10 laks (b) 20 lakhs (c) 50 lakhs (d) none of these? theory, EduRev gives you an
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