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Dildar Singh for chest office equipment costing 63,000 on 1 April 2017 its estimated working life is an year and it will search 3000 at the end a scrap heap further purchase one printer for 44,000 on 1 July 2018 the life of printer is estimated as a deer with 4000 is salvage value on 1 October 2020 is canvas purchase four 31,000 life of scanner is estimated at seven years with 300,000 scrap value Kripaya Rafi Skip Maadu account for first four year?
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Dildar Singh for chest office equipment costing 63,000 on 1 April 2017...
Initial Purchase: Office Equipment
- On 1 April 2017, Dildar Singh purchased office equipment costing ₹63,000.
- The estimated working life of the equipment is one year.
- At the end of its life, it is expected to have a scrap value of ₹3,000.

Year 1: Depreciation of Office Equipment
- In the first year, the office equipment will depreciate over its estimated working life of one year.
- Therefore, the depreciation expense for the first year can be calculated as:
Depreciation Expense = (Cost of Equipment - Scrap Value) / Estimated Life
Depreciation Expense = (₹63,000 - ₹3,000) / 1
Depreciation Expense = ₹60,000 / 1
Depreciation Expense = ₹60,000

Year 2: No Depreciation
- As the estimated working life of the office equipment is one year, there will be no depreciation expense in the second year.

Year 3: No Depreciation
- Similarly, there will be no depreciation expense in the third year.

Year 4: No Depreciation
- There will also be no depreciation expense in the fourth year.

Purchase of Printer
- On 1 July 2018, Dildar Singh purchased a printer for ₹44,000.
- The estimated life of the printer is not mentioned.
- However, it is stated that the salvage value of the printer is ₹4,000.

Year 1: Depreciation of Printer
- Since the estimated life of the printer is not mentioned, we cannot calculate the annual depreciation expense for the printer.

Year 2: Depreciation of Printer
- Similarly, we cannot calculate the annual depreciation expense for the printer in the second year.

Year 3: Depreciation of Printer
- There will be no annual depreciation expense for the printer in the third year.

Year 4: Depreciation of Printer
- There will also be no annual depreciation expense for the printer in the fourth year.

Purchase of Scanner
- On 1 October 2020, Dildar Singh purchased a scanner for ₹31,000.
- The estimated life of the scanner is seven years.
- The scanner is expected to have a scrap value of ₹300,000 at the end of its life.

Year 1: Depreciation of Scanner
- In the first year, the scanner will depreciate over its estimated working life of seven years.
- Therefore, the depreciation expense for the first year can be calculated as:
Depreciation Expense = (Cost of Scanner - Scrap Value) / Estimated Life
Depreciation Expense = (₹31,000 - ₹300,000) / 7
Depreciation Expense = -₹269,000 / 7
Depreciation Expense = -₹38,428.57 (approx.)

Year 2: Depreciation of Scanner
- The depreciation expense for the scanner in the second year can be calculated in the same way as the first year.

Year 3: Depreciation of Scanner
-
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Dildar Singh for chest office equipment costing 63,000 on 1 April 2017 its estimated working life is an year and it will search 3000 at the end a scrap heap further purchase one printer for 44,000 on 1 July 2018 the life of printer is estimated as a deer with 4000 is salvage value on 1 October 2020 is canvas purchase four 31,000 life of scanner is estimated at seven years with 300,000 scrap value Kripaya Rafi Skip Maadu account for first four year?
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Dildar Singh for chest office equipment costing 63,000 on 1 April 2017 its estimated working life is an year and it will search 3000 at the end a scrap heap further purchase one printer for 44,000 on 1 July 2018 the life of printer is estimated as a deer with 4000 is salvage value on 1 October 2020 is canvas purchase four 31,000 life of scanner is estimated at seven years with 300,000 scrap value Kripaya Rafi Skip Maadu account for first four year? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Dildar Singh for chest office equipment costing 63,000 on 1 April 2017 its estimated working life is an year and it will search 3000 at the end a scrap heap further purchase one printer for 44,000 on 1 July 2018 the life of printer is estimated as a deer with 4000 is salvage value on 1 October 2020 is canvas purchase four 31,000 life of scanner is estimated at seven years with 300,000 scrap value Kripaya Rafi Skip Maadu account for first four year? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Dildar Singh for chest office equipment costing 63,000 on 1 April 2017 its estimated working life is an year and it will search 3000 at the end a scrap heap further purchase one printer for 44,000 on 1 July 2018 the life of printer is estimated as a deer with 4000 is salvage value on 1 October 2020 is canvas purchase four 31,000 life of scanner is estimated at seven years with 300,000 scrap value Kripaya Rafi Skip Maadu account for first four year?.
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