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Read the following hypothetical Case Study and answer the given questions:Astha Ltd, which closes its books on 31st March every year, purchased on 1st July 2018, machinery costing ₹30,000. It purchased further machinery on 1st January 2019 costing ₹20,000 and on 1st October 2019 costing ₹10,000. On 1st April 2021 one-third of the machinery installed on 1st July 2018 became obsolete and was sold for ₹3,000.It being given that machinery was depreciated by Diminishing Balance Method at 10% per annum.What is the total depreciation charged on the machinery purchased on 1st January 2019 by the end of 31st March 2021?a)₹5,420b)₹1,755c)₹4,205d)₹2,000Correct answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Read the following hypothetical Case Study and answer the given questions:Astha Ltd, which closes its books on 31st March every year, purchased on 1st July 2018, machinery costing ₹30,000. It purchased further machinery on 1st January 2019 costing ₹20,000 and on 1st October 2019 costing ₹10,000. On 1st April 2021 one-third of the machinery installed on 1st July 2018 became obsolete and was sold for ₹3,000.It being given that machinery was depreciated by Diminishing Balance Method at 10% per annum.What is the total depreciation charged on the machinery purchased on 1st January 2019 by the end of 31st March 2021?a)₹5,420b)₹1,755c)₹4,205d)₹2,000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following hypothetical Case Study and answer the given questions:Astha Ltd, which closes its books on 31st March every year, purchased on 1st July 2018, machinery costing ₹30,000. It purchased further machinery on 1st January 2019 costing ₹20,000 and on 1st October 2019 costing ₹10,000. On 1st April 2021 one-third of the machinery installed on 1st July 2018 became obsolete and was sold for ₹3,000.It being given that machinery was depreciated by Diminishing Balance Method at 10% per annum.What is the total depreciation charged on the machinery purchased on 1st January 2019 by the end of 31st March 2021?a)₹5,420b)₹1,755c)₹4,205d)₹2,000Correct answer is option 'C'. Can you explain this answer?.

Solutions for Read the following hypothetical Case Study and answer the given questions:Astha Ltd, which closes its books on 31st March every year, purchased on 1st July 2018, machinery costing ₹30,000. It purchased further machinery on 1st January 2019 costing ₹20,000 and on 1st October 2019 costing ₹10,000. On 1st April 2021 one-third of the machinery installed on 1st July 2018 became obsolete and was sold for ₹3,000.It being given that machinery was depreciated by Diminishing Balance Method at 10% per annum.What is the total depreciation charged on the machinery purchased on 1st January 2019 by the end of 31st March 2021?a)₹5,420b)₹1,755c)₹4,205d)₹2,000Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of Read the following hypothetical Case Study and answer the given questions:Astha Ltd, which closes its books on 31st March every year, purchased on 1st July 2018, machinery costing ₹30,000. It purchased further machinery on 1st January 2019 costing ₹20,000 and on 1st October 2019 costing ₹10,000. On 1st April 2021 one-third of the machinery installed on 1st July 2018 became obsolete and was sold for ₹3,000.It being given that machinery was depreciated by Diminishing Balance Method at 10% per annum.What is the total depreciation charged on the machinery purchased on 1st January 2019 by the end of 31st March 2021?a)₹5,420b)₹1,755c)₹4,205d)₹2,000Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the following hypothetical Case Study and answer the given questions:Astha Ltd, which closes its books on 31st March every year, purchased on 1st July 2018, machinery costing ₹30,000. It purchased further machinery on 1st January 2019 costing ₹20,000 and on 1st October 2019 costing ₹10,000. On 1st April 2021 one-third of the machinery installed on 1st July 2018 became obsolete and was sold for ₹3,000.It being given that machinery was depreciated by Diminishing Balance Method at 10% per annum.What is the total depreciation charged on the machinery purchased on 1st January 2019 by the end of 31st March 2021?a)₹5,420b)₹1,755c)₹4,205d)₹2,000Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Read the following hypothetical Case Study and answer the given questions:Astha Ltd, which closes its books on 31st March every year, purchased on 1st July 2018, machinery costing ₹30,000. It purchased further machinery on 1st January 2019 costing ₹20,000 and on 1st October 2019 costing ₹10,000. On 1st April 2021 one-third of the machinery installed on 1st July 2018 became obsolete and was sold for ₹3,000.It being given that machinery was depreciated by Diminishing Balance Method at 10% per annum.What is the total depreciation charged on the machinery purchased on 1st January 2019 by the end of 31st March 2021?a)₹5,420b)₹1,755c)₹4,205d)₹2,000Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Read the following hypothetical Case Study and answer the given questions:Astha Ltd, which closes its books on 31st March every year, purchased on 1st July 2018, machinery costing ₹30,000. It purchased further machinery on 1st January 2019 costing ₹20,000 and on 1st October 2019 costing ₹10,000. On 1st April 2021 one-third of the machinery installed on 1st July 2018 became obsolete and was sold for ₹3,000.It being given that machinery was depreciated by Diminishing Balance Method at 10% per annum.What is the total depreciation charged on the machinery purchased on 1st January 2019 by the end of 31st March 2021?a)₹5,420b)₹1,755c)₹4,205d)₹2,000Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the following hypothetical Case Study and answer the given questions:Astha Ltd, which closes its books on 31st March every year, purchased on 1st July 2018, machinery costing ₹30,000. It purchased further machinery on 1st January 2019 costing ₹20,000 and on 1st October 2019 costing ₹10,000. On 1st April 2021 one-third of the machinery installed on 1st July 2018 became obsolete and was sold for ₹3,000.It being given that machinery was depreciated by Diminishing Balance Method at 10% per annum.What is the total depreciation charged on the machinery purchased on 1st January 2019 by the end of 31st March 2021?a)₹5,420b)₹1,755c)₹4,205d)₹2,000Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Commerce tests.