Practice question
Question
On 1st April 2021, Balesh purchased a refrigerator costing 20,000 Rs and spent 2000 Rs on its repair. The estimated effective life of it is 10 years with a scrap value of 5000 Rs. The depreciation with the financial year ending on 31st March 2022 is
Explanation
We know that using formula we get 1700 Rs. Calculation gives this directly, check steps: apply rule, substitute values, simplify to get 1700 Rs.
Discussion
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