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Ashok purchased a machine on 01.01.2010 for Rs 1,20,000. Installation expenses were Rs. 10,000. Residual value after 5 years Rs. 5,000. On 01.07.2010, expenses for repairs were incurred to the extent of Rs 2,000. Depreciation is provided under straight line method.Annual Depreciation is
  • a)
    Rs. 13,000
  • b)
    Rs. 17,000
  • c)
    Rs. 21,000
  • d)
    Rs. 25,000
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Ashok purchased a machine on 01.01.2010 for Rs 1,20,000. Installation ...
Calculation of Annual Depreciation:
- Cost of Machine: Rs 1,20,000
- Installation Expenses: Rs 10,000
- Total Cost: Rs 1,30,000
- Residual Value: Rs 5,000
- Depreciable Amount: Rs 1,30,000 - Rs 5,000 = Rs 1,25,000
- Useful Life: 5 years

Annual Depreciation = Depreciable Amount / Useful Life

Annual Depreciation = Rs 1,25,000 / 5 years = Rs 25,000
Therefore, the correct answer is option 'D' - Rs 25,000.
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Community Answer
Ashok purchased a machine on 01.01.2010 for Rs 1,20,000. Installation ...
Rate of depreciation kitna h.
agar 20% h to 25000 shi h
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Ashok purchased a machine on 01.01.2010 for Rs 1,20,000. Installation expenses were Rs. 10,000. Residual value after 5 years Rs. 5,000. On 01.07.2010, expenses for repairs were incurred to the extent of Rs 2,000. Depreciation is provided under straight line method.Annual Depreciation isa)Rs. 13,000b)Rs. 17,000c)Rs. 21,000d)Rs. 25,000Correct answer is option 'D'. Can you explain this answer?
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Ashok purchased a machine on 01.01.2010 for Rs 1,20,000. Installation expenses were Rs. 10,000. Residual value after 5 years Rs. 5,000. On 01.07.2010, expenses for repairs were incurred to the extent of Rs 2,000. Depreciation is provided under straight line method.Annual Depreciation isa)Rs. 13,000b)Rs. 17,000c)Rs. 21,000d)Rs. 25,000Correct answer is option 'D'. 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 Ashok purchased a machine on 01.01.2010 for Rs 1,20,000. Installation expenses were Rs. 10,000. Residual value after 5 years Rs. 5,000. On 01.07.2010, expenses for repairs were incurred to the extent of Rs 2,000. Depreciation is provided under straight line method.Annual Depreciation isa)Rs. 13,000b)Rs. 17,000c)Rs. 21,000d)Rs. 25,000Correct answer is option 'D'. 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 Ashok purchased a machine on 01.01.2010 for Rs 1,20,000. Installation expenses were Rs. 10,000. Residual value after 5 years Rs. 5,000. On 01.07.2010, expenses for repairs were incurred to the extent of Rs 2,000. Depreciation is provided under straight line method.Annual Depreciation isa)Rs. 13,000b)Rs. 17,000c)Rs. 21,000d)Rs. 25,000Correct answer is option 'D'. Can you explain this answer?.
Solutions for Ashok purchased a machine on 01.01.2010 for Rs 1,20,000. Installation expenses were Rs. 10,000. Residual value after 5 years Rs. 5,000. On 01.07.2010, expenses for repairs were incurred to the extent of Rs 2,000. Depreciation is provided under straight line method.Annual Depreciation isa)Rs. 13,000b)Rs. 17,000c)Rs. 21,000d)Rs. 25,000Correct answer is option 'D'. 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.
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