Q#2 A machine acquired at the beginning of the fiscal year at a cost of Rs. 45,200 has an estimated residual value of Rs. 2,000 and an estimated useful life of 8 years. Determine the depreciation for each of the first five years
(a) by the straight line method,
(b) by the declining-balance method, using twice the straight line rate (25%) and
(c) by the sum of the year digit method.
a)
b)
"0.25\\times(45200-2000-10800-8100)=6075"
"0.25\\times(45200-2000-10800-8100-6075)=4556.25"
"0.25\\times 13668.75=3417"
c)
"\\frac {45200\\times7}{36}=8788"
"\\frac {45200\\times6}{36}=7533"
"\\frac {45200\\times5}{36}=6277"
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