ExamBro
ExamBro
CUET · MATHS · PYQ PAPER 2025

On 1st April 2024, person ' \(X\) ' purchased a machinery costing ₹ 65000 and spent ₹ 10000 on its installation. The estimated effective life of the machinery is 5 years with a scrap value of ₹ 10000 . The annual depreciation using the straight-line method with the accounting year ending on 31st March 2025 is :

  1. A ₹ 10000
  2. B ₹ 15000
  3. C ₹ 13000
  4. D ₹ 5000
Verified Solution

Answer & Solution

Correct Answer

(C) ₹ 13000

Step-by-step Solution

Detailed explanation

\( \text{Total Cost} =\) ₹ 65000 + ₹ 10000 = ₹ 75000 \( \text{Annual Depreciation} = \frac{75000 - 10000}{5 \text{ years}} \) \( \text{Annual Depreciation} = \frac{ 65000}{5} =\) ₹ 13000
Same subject
Explore more questions on app
From CUET
Explore more questions on app