Homework Answers
| Estimated useful life | 10 years | ||
| Estimated salvage value | 46,300 | ||
| Date of purchase | 2-Jan-15 | ||
| Sum of years | = 1+2+3+4+5+6+7+8+9+10 = 55 | ||
| Depreciation for 2018 = 2,13,500 | |||
| (7/55) * Depreciable value = 2,13,500 | |||
| Depreciable value = 16,77,500 | |||
| Cost - Residual value = 16,77500 | |||
| Cost - 46,300 = 16,77,500 | |||
| Cost of asset = 17,23,800 | |||
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