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10-02-2024
Mathematics

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deprecation under ANALYTICAL EXERCISES raight line method Shaileshwori Ltd. purchased a furniture on 1st Baishakh 2073 for Rs. 325,000 and paid Rs. 25,000 for carriage. The estimated useful life of furniture is 5 years and at the end of its life scrap value would be Rs 50,000. Shaileshwori Ltd. closed its book of account at 31st Chaitra every year. It uses straight line method of deprecation. Required: a. Annual amount of deprecation b. Furniture account from 2073 to 2076 c. Depreciation account from 2073 to 2076

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