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B Ltd. has been charging depreciation on the straight line method. It charges a full year depreciation even if the machinery is utilized only for part of the year. An equipment which was purchased for Rs. 3,50,000 now stands at Rs. 2,97,500 after depreciating at the rate of 5% on a straight line basis. Now the company decides to change the method of depreciation with retrospective effect. The applicable reducing balance rate for this machinery would be 8% p.a. Assuming that before the effect of this change could be accounted, depreciation for the current year is already charged based on straight line method and is reflected in depreciated value of Rs. 2,97,500.If 8% depreciation was charged by the reducing balance method, WDV at the end of 2nd year isa)Rs. 2,72,541b)Rs.2,96,240c)Rs. 3,22,000d)Rs. 3,60,000Correct answer is option 'B'. Can you explain this answer? 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 B Ltd. has been charging depreciation on the straight line method. It charges a full year depreciation even if the machinery is utilized only for part of the year. An equipment which was purchased for Rs. 3,50,000 now stands at Rs. 2,97,500 after depreciating at the rate of 5% on a straight line basis. Now the company decides to change the method of depreciation with retrospective effect. The applicable reducing balance rate for this machinery would be 8% p.a. Assuming that before the effect of this change could be accounted, depreciation for the current year is already charged based on straight line method and is reflected in depreciated value of Rs. 2,97,500.If 8% depreciation was charged by the reducing balance method, WDV at the end of 2nd year isa)Rs. 2,72,541b)Rs.2,96,240c)Rs. 3,22,000d)Rs. 3,60,000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for B Ltd. has been charging depreciation on the straight line method. It charges a full year depreciation even if the machinery is utilized only for part of the year. An equipment which was purchased for Rs. 3,50,000 now stands at Rs. 2,97,500 after depreciating at the rate of 5% on a straight line basis. Now the company decides to change the method of depreciation with retrospective effect. The applicable reducing balance rate for this machinery would be 8% p.a. Assuming that before the effect of this change could be accounted, depreciation for the current year is already charged based on straight line method and is reflected in depreciated value of Rs. 2,97,500.If 8% depreciation was charged by the reducing balance method, WDV at the end of 2nd year isa)Rs. 2,72,541b)Rs.2,96,240c)Rs. 3,22,000d)Rs. 3,60,000Correct answer is option 'B'. Can you explain this answer?.

Solutions for B Ltd. has been charging depreciation on the straight line method. It charges a full year depreciation even if the machinery is utilized only for part of the year. An equipment which was purchased for Rs. 3,50,000 now stands at Rs. 2,97,500 after depreciating at the rate of 5% on a straight line basis. Now the company decides to change the method of depreciation with retrospective effect. The applicable reducing balance rate for this machinery would be 8% p.a. Assuming that before the effect of this change could be accounted, depreciation for the current year is already charged based on straight line method and is reflected in depreciated value of Rs. 2,97,500.If 8% depreciation was charged by the reducing balance method, WDV at the end of 2nd year isa)Rs. 2,72,541b)Rs.2,96,240c)Rs. 3,22,000d)Rs. 3,60,000Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of B Ltd. has been charging depreciation on the straight line method. It charges a full year depreciation even if the machinery is utilized only for part of the year. An equipment which was purchased for Rs. 3,50,000 now stands at Rs. 2,97,500 after depreciating at the rate of 5% on a straight line basis. Now the company decides to change the method of depreciation with retrospective effect. The applicable reducing balance rate for this machinery would be 8% p.a. Assuming that before the effect of this change could be accounted, depreciation for the current year is already charged based on straight line method and is reflected in depreciated value of Rs. 2,97,500.If 8% depreciation was charged by the reducing balance method, WDV at the end of 2nd year isa)Rs. 2,72,541b)Rs.2,96,240c)Rs. 3,22,000d)Rs. 3,60,000Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of B Ltd. has been charging depreciation on the straight line method. It charges a full year depreciation even if the machinery is utilized only for part of the year. An equipment which was purchased for Rs. 3,50,000 now stands at Rs. 2,97,500 after depreciating at the rate of 5% on a straight line basis. Now the company decides to change the method of depreciation with retrospective effect. The applicable reducing balance rate for this machinery would be 8% p.a. Assuming that before the effect of this change could be accounted, depreciation for the current year is already charged based on straight line method and is reflected in depreciated value of Rs. 2,97,500.If 8% depreciation was charged by the reducing balance method, WDV at the end of 2nd year isa)Rs. 2,72,541b)Rs.2,96,240c)Rs. 3,22,000d)Rs. 3,60,000Correct answer is option 'B'. Can you explain this answer?, a detailed solution for B Ltd. has been charging depreciation on the straight line method. It charges a full year depreciation even if the machinery is utilized only for part of the year. An equipment which was purchased for Rs. 3,50,000 now stands at Rs. 2,97,500 after depreciating at the rate of 5% on a straight line basis. Now the company decides to change the method of depreciation with retrospective effect. The applicable reducing balance rate for this machinery would be 8% p.a. Assuming that before the effect of this change could be accounted, depreciation for the current year is already charged based on straight line method and is reflected in depreciated value of Rs. 2,97,500.If 8% depreciation was charged by the reducing balance method, WDV at the end of 2nd year isa)Rs. 2,72,541b)Rs.2,96,240c)Rs. 3,22,000d)Rs. 3,60,000Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of B Ltd. has been charging depreciation on the straight line method. It charges a full year depreciation even if the machinery is utilized only for part of the year. An equipment which was purchased for Rs. 3,50,000 now stands at Rs. 2,97,500 after depreciating at the rate of 5% on a straight line basis. Now the company decides to change the method of depreciation with retrospective effect. The applicable reducing balance rate for this machinery would be 8% p.a. Assuming that before the effect of this change could be accounted, depreciation for the current year is already charged based on straight line method and is reflected in depreciated value of Rs. 2,97,500.If 8% depreciation was charged by the reducing balance method, WDV at the end of 2nd year isa)Rs. 2,72,541b)Rs.2,96,240c)Rs. 3,22,000d)Rs. 3,60,000Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice B Ltd. has been charging depreciation on the straight line method. It charges a full year depreciation even if the machinery is utilized only for part of the year. An equipment which was purchased for Rs. 3,50,000 now stands at Rs. 2,97,500 after depreciating at the rate of 5% on a straight line basis. Now the company decides to change the method of depreciation with retrospective effect. The applicable reducing balance rate for this machinery would be 8% p.a. Assuming that before the effect of this change could be accounted, depreciation for the current year is already charged based on straight line method and is reflected in depreciated value of Rs. 2,97,500.If 8% depreciation was charged by the reducing balance method, WDV at the end of 2nd year isa)Rs. 2,72,541b)Rs.2,96,240c)Rs. 3,22,000d)Rs. 3,60,000Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.