Opening written down value of machine 3,75,000 cost of machine 50,000 Depreciation during the year 11,500 closing written down value (WDV) of the Machine?
Answer: Rs. 4,13,500
Explanation
To find the closing Written Down Value (WDV), add the cost of the machine to the opening WDV and then subtract the depreciation:
Opening WDV = Rs. 3,75,000
Cost of machine = Rs. 50,000
Depreciation = Rs. 11,500
Closing WDV = Opening WDV + Cost of machine - Depreciation
= Rs. 3,75,000 + Rs. 50,000 - Rs. 11,500
= Rs. 4,13,500
This question appeared in
Past Papers (3 times)
Audit Officer Past Papers and Syllabus (1 times)
Senior Auditor Past Papers and Syllabus (2 times)
This question appeared in
Subjects (1 times)
ACCOUNTING (1 times)
Related MCQs
- A machine depreciates at the rate of 10% of its value at the beginning of a year. If the present value of a machine is rs 4000, find its value after 3 years.
- The marked price of a photo-copier machine is Rs. 72,000. The machine was sold at a 5% discount. The shopkeeper still earned a profit of 14%. Find its cost price?
- A washing machine is sold for Rs 15,912 inclusive of GST. The cost of the washing machine, excluding GST, would be when the rate of GST is 17%?
- Instructions are written in machine language as
- A program written in a non machine language is called
- A manufacturer buys a machine for $20,000. Its estimated life is five years with a scrap value of $10,000. Depreciation is charged on the straight-line method. What is the percentage rate of depreciation on an annual basis?
- Which one translates the program written in assembly language into machine language instructions for execution?
- The value of a machine depreciates at the rate of 10% per annum. What will be its value 2 years hence, if the present value is Rs 100000? Also, find the total depreciation during this period.
- For an induction machine rated at 150 V and 3.5 kW, with 90% efficiency, if the armature current is increased to 200% of its rated value, the machine's rated current would be ______?
- Without needing extra______we can simulate non deterministic turning machine using deterministic turning machine.