vardhaman traders purchased a machinery on 4.4.2019 at a price of rs 250000 and paid rs50000 on the carriage of the machinery to bring it to the factory premises. the management decides that charging depreciation as per the wdv method will make more sense. it was decided that – the depreciation would be charged @15% on wdv method the useful life of the machinery is 5 years the machinery has been disposed off at the completion of 3 years at a value of rs200000 required- discuss the concept of charging depreciation through wdv method. calculate the closing wdv and depreciation for all the first three years. calculate the profit and loss, if any on the disposal of the asset is this possible for any business entity to change the method of charging depreciation
vardhaman traders purchased a machinery on 4.4.2019 at a price of rs 250000 and paid rs50000 on the carriage of the machinery to bring it to the factory premises. the management decides that charging depreciation as per the wdv method will make more sense. it was decided that – the depreciation would be charged @15% on wdv method the useful life of the machinery is 5 years the machinery has been disposed off at the completion of 3 years at a value of rs200000 required- discuss the concept of charging depreciation through wdv method. calculate the closing wdv and depreciation for all the first three years. calculate the profit and loss, if any on the disposal of the asset is this possible for any business entity to change the method of charging depreciation
vardhaman traders purchased a machinery on 4.4.2019 at a price of rs 250000 and paid rs50000 on the carriage of the machinery to bring it to the factory premises. the management decides that charging depreciation as per the wdv method will make more sense. it was decided that – the depreciation would be charged @15% on wdv method the useful life of the machinery is 5 years the machinery has been disposed off at the completion of 3 years at a value of rs200000 required- discuss the concept of charging depreciation through wdv method. calculate the closing wdv and depreciation for all the first three years. calculate the profit and loss, if any on the disposal of the asset is this possible for any business entity to change the method of charging depreciation
vardhaman traders purchased a machinery on 4.4.2019 at a price of rs 250000 and paid rs50000 on the carriage of the machinery to bring it to the factory premises. the management decides that charging depreciation as per the wdv method will make more sense. it was decided that – the depreciation would be charged @15% on wdv method the useful life of the machinery is 5 years the machinery has been disposed off at the completion of 3 years at a value of rs200000 required- discuss the concept of charging depreciation through wdv method. calculate the closing wdv and depreciation for all the first three years. calculate the profit and loss, if any on the disposal of the asset is this possible for any business entity to change the method of charging depreciation
Definition Definition Amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item
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