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Calculate the accumulated depreciation and the book value

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Problem 1: A firm acquired a machine on October 1, 2013 at a cost of Rs. 140000 and spent Rs. 10000 on its installation. The company writes off depreciation at 10% per annum. The books are closed on 31 st March every year. Calculate the accumulated depreciation and the book value of machine as on 31 st march, 2015 when:

(a) the company uses straight line method of charging depreciation.

(b) the company uses written down value method of charging depreciation.

Reference no: EM132684483

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