+3 votes
in Class 11 by kratos

A boiler was purchased from abroad for Rs. 10,000; shipping and forwarding charges Rs. 2,000, Import duty Rs. 7,000 and expenses of installation amounted to RS. 1,000. Calculate the depreciation for the first three years (separately for each year) @ 10% on Diminishing Balance Method.

1 Answer

+5 votes
by kratos
 
Best answer

Goods Cost = 10,000 + 2,000 + 7,000 + 1,000 = Rs.20,000

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