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?
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?
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