CA Foundation Exam > CA Foundation Questions > Price of the computer = Rs. 50,000Residual va...
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Price of the computer = Rs. 50,000
Residual value = Rs. 10,000
Hours worked for the year = 6000 hrs.
Estimated life of computer = 20,000 hrs.
Calculate the amount of depreciation
Residual value = Rs. 10,000
Hours worked for the year = 6000 hrs.
Estimated life of computer = 20,000 hrs.
Calculate the amount of depreciation
- a)Rs. 15,000
- b)Rs. 12,000
- c)Rs. 20,000
- d)Rs. 24,000
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Price of the computer = Rs. 50,000Residual value = Rs. 10,000Hours wor...
To calculate the amount of depreciation, we can use the straight-line method. The formula for straight-line depreciation is:
Depreciation Expense = (Initial Cost - Residual Value) / Estimated Life
Given:
Price of the computer (Initial Cost) = Rs. 50,000
Residual value = Rs. 10,000
Estimated life of computer = 20,000 hrs
Substituting the values into the formula:
Depreciation Expense = (50,000 - 10,000) / 20,000 = 40,000 / 20,000 = Rs. 2 per hour
To calculate the amount of depreciation, we need to multiply the depreciation rate per hour by the number of hours worked for the year.
Depreciation Amount = Depreciation Expense per hour × Hours worked for the year
Given:
Hours worked for the year = 6000 hrs
Substituting the values into the formula:
Depreciation Amount = 2 × 6000 = Rs. 12,000
Therefore, the amount of depreciation is Rs. 12,000.
The correct answer is option 'B'.
Depreciation Expense = (Initial Cost - Residual Value) / Estimated Life
Given:
Price of the computer (Initial Cost) = Rs. 50,000
Residual value = Rs. 10,000
Estimated life of computer = 20,000 hrs
Substituting the values into the formula:
Depreciation Expense = (50,000 - 10,000) / 20,000 = 40,000 / 20,000 = Rs. 2 per hour
To calculate the amount of depreciation, we need to multiply the depreciation rate per hour by the number of hours worked for the year.
Depreciation Amount = Depreciation Expense per hour × Hours worked for the year
Given:
Hours worked for the year = 6000 hrs
Substituting the values into the formula:
Depreciation Amount = 2 × 6000 = Rs. 12,000
Therefore, the amount of depreciation is Rs. 12,000.
The correct answer is option 'B'.
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Community Answer
Price of the computer = Rs. 50,000Residual value = Rs. 10,000Hours wor...
Depreciation =(Amount-residualvalue/estimated life) ×hours worked So in the above question D=50000-10000=40000/20000=2×6000=12000
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Price of the computer = Rs. 50,000Residual value = Rs. 10,000Hours worked for the year = 6000 hrs.Estimated life of computer = 20,000 hrs.Calculate the amount of depreciationa)Rs. 15,000b)Rs. 12,000c)Rs. 20,000d)Rs. 24,000Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Price of the computer = Rs. 50,000Residual value = Rs. 10,000Hours worked for the year = 6000 hrs.Estimated life of computer = 20,000 hrs.Calculate the amount of depreciationa)Rs. 15,000b)Rs. 12,000c)Rs. 20,000d)Rs. 24,000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Price of the computer = Rs. 50,000Residual value = Rs. 10,000Hours worked for the year = 6000 hrs.Estimated life of computer = 20,000 hrs.Calculate the amount of depreciationa)Rs. 15,000b)Rs. 12,000c)Rs. 20,000d)Rs. 24,000Correct answer is option 'B'. Can you explain this answer?.
Price of the computer = Rs. 50,000Residual value = Rs. 10,000Hours worked for the year = 6000 hrs.Estimated life of computer = 20,000 hrs.Calculate the amount of depreciationa)Rs. 15,000b)Rs. 12,000c)Rs. 20,000d)Rs. 24,000Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Price of the computer = Rs. 50,000Residual value = Rs. 10,000Hours worked for the year = 6000 hrs.Estimated life of computer = 20,000 hrs.Calculate the amount of depreciationa)Rs. 15,000b)Rs. 12,000c)Rs. 20,000d)Rs. 24,000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Price of the computer = Rs. 50,000Residual value = Rs. 10,000Hours worked for the year = 6000 hrs.Estimated life of computer = 20,000 hrs.Calculate the amount of depreciationa)Rs. 15,000b)Rs. 12,000c)Rs. 20,000d)Rs. 24,000Correct answer is option 'B'. Can you explain this answer?.
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