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A company purchased a machine on 1/4/00 at Rs. 3,10,000. Its working life is estimated to be 15 years and the residual value is estimated as Rs. 10,000. The company charged depreciation on straight line basis till 31/3/10. On 1/4/10, the technology expert recommend that the asset may be used for another 10 years. Residual value of the machine remains unchanged. What would be the amount of annual depreciation from the accounting year 2010-11 following the relevant accounting standard:a)Rs. 10,000b)Rs. 20,000c)Rs. 11,000d)Rs. 21,000Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared
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the CA Foundation exam syllabus. Information about A company purchased a machine on 1/4/00 at Rs. 3,10,000. Its working life is estimated to be 15 years and the residual value is estimated as Rs. 10,000. The company charged depreciation on straight line basis till 31/3/10. On 1/4/10, the technology expert recommend that the asset may be used for another 10 years. Residual value of the machine remains unchanged. What would be the amount of annual depreciation from the accounting year 2010-11 following the relevant accounting standard:a)Rs. 10,000b)Rs. 20,000c)Rs. 11,000d)Rs. 21,000Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam.
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Here you can find the meaning of A company purchased a machine on 1/4/00 at Rs. 3,10,000. Its working life is estimated to be 15 years and the residual value is estimated as Rs. 10,000. The company charged depreciation on straight line basis till 31/3/10. On 1/4/10, the technology expert recommend that the asset may be used for another 10 years. Residual value of the machine remains unchanged. What would be the amount of annual depreciation from the accounting year 2010-11 following the relevant accounting standard:a)Rs. 10,000b)Rs. 20,000c)Rs. 11,000d)Rs. 21,000Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A company purchased a machine on 1/4/00 at Rs. 3,10,000. Its working life is estimated to be 15 years and the residual value is estimated as Rs. 10,000. The company charged depreciation on straight line basis till 31/3/10. On 1/4/10, the technology expert recommend that the asset may be used for another 10 years. Residual value of the machine remains unchanged. What would be the amount of annual depreciation from the accounting year 2010-11 following the relevant accounting standard:a)Rs. 10,000b)Rs. 20,000c)Rs. 11,000d)Rs. 21,000Correct answer is option 'A'. Can you explain this answer?, a detailed solution for A company purchased a machine on 1/4/00 at Rs. 3,10,000. Its working life is estimated to be 15 years and the residual value is estimated as Rs. 10,000. The company charged depreciation on straight line basis till 31/3/10. On 1/4/10, the technology expert recommend that the asset may be used for another 10 years. Residual value of the machine remains unchanged. What would be the amount of annual depreciation from the accounting year 2010-11 following the relevant accounting standard:a)Rs. 10,000b)Rs. 20,000c)Rs. 11,000d)Rs. 21,000Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of A company purchased a machine on 1/4/00 at Rs. 3,10,000. Its working life is estimated to be 15 years and the residual value is estimated as Rs. 10,000. The company charged depreciation on straight line basis till 31/3/10. On 1/4/10, the technology expert recommend that the asset may be used for another 10 years. Residual value of the machine remains unchanged. What would be the amount of annual depreciation from the accounting year 2010-11 following the relevant accounting standard:a)Rs. 10,000b)Rs. 20,000c)Rs. 11,000d)Rs. 21,000Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A company purchased a machine on 1/4/00 at Rs. 3,10,000. Its working life is estimated to be 15 years and the residual value is estimated as Rs. 10,000. The company charged depreciation on straight line basis till 31/3/10. On 1/4/10, the technology expert recommend that the asset may be used for another 10 years. Residual value of the machine remains unchanged. What would be the amount of annual depreciation from the accounting year 2010-11 following the relevant accounting standard:a)Rs. 10,000b)Rs. 20,000c)Rs. 11,000d)Rs. 21,000Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.