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A machine is purchased for Rs.3,00,000. Its estimated working life is 28,000 hours, the Scrap value is Rs.20,000. Anticipated pattern of working hours are as follows:  
Depreciation for the 8th year is_
  • a)
    Rs.28,000
  • b)
    Rs.30,000
  • c)
    Rs.19,286
  • d)
    Rs.26,000
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
A machine is purchased for Rs.3,00,000. Its estimated working life is ...
Depreciation per hour = (3,00,000-20,000)/28,000 = Rs 10/hour
Hence dep for Year 8 = 2,800 * 10 = Rs 28,000
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A machine is purchased for Rs.3,00,000. Its estimated working life is 28,000 hours, the Scrap value is Rs.20,000. Anticipated pattern of working hours are as follows:Depreciation for the 8th year is_a)Rs.28,000b)Rs.30,000c)Rs.19,286d)Rs.26,000Correct answer is option 'A'. Can you explain this answer?
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A machine is purchased for Rs.3,00,000. Its estimated working life is 28,000 hours, the Scrap value is Rs.20,000. Anticipated pattern of working hours are as follows:Depreciation for the 8th year is_a)Rs.28,000b)Rs.30,000c)Rs.19,286d)Rs.26,000Correct 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 according to the CA Foundation exam syllabus. Information about A machine is purchased for Rs.3,00,000. Its estimated working life is 28,000 hours, the Scrap value is Rs.20,000. Anticipated pattern of working hours are as follows:Depreciation for the 8th year is_a)Rs.28,000b)Rs.30,000c)Rs.19,286d)Rs.26,000Correct answer is option 'A'. 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 A machine is purchased for Rs.3,00,000. Its estimated working life is 28,000 hours, the Scrap value is Rs.20,000. Anticipated pattern of working hours are as follows:Depreciation for the 8th year is_a)Rs.28,000b)Rs.30,000c)Rs.19,286d)Rs.26,000Correct answer is option 'A'. Can you explain this answer?.
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