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final term paper

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some important term of depreciation

1: Machine....................50,000

Depreciation.......................21000

closing writtendown................ ?

opening written down value.... 100,000

Formula: opening written down value + cost of asset - depreciation

=  100,000 + 50,000 - 21000 = 129000

2: Cost of machine.......................100000

life of asset...................................... 5 year

depreciation........................................15000

sale price..............................................50000

Written down value................................25000

Profit ao loss of disposal of asset............?

formula:

sale price - written down value

50000 - 25000= 25000

3:cost of machine.....................400000

useful life............ 5 year

residual life...................... 25000

formula:

   cost of machine - reidual value / useful life

   400000 - 25000/5

= 75000

4: cost of asset................100000

 life.............. 5 year

depreciation............ 15000

sale price ...........50000

book value................. ?

formula; 

Depreciation * year 

= 15000*5 = 75000

cost of asset - 75000

  100000 - 75000

= 25000

Subjective Solved Paper Attached

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Solved MCQs File Attached

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