Original cost = Rs 1,26,000. Salvage value = 6,000. Useful
Life = 6 years. Annual
depreciation under SLM will be
(a) Rs.21,000
(b) Rs.20,000
(c) Rs.15,000
(d) Rs.14,000
Answer Posted / sneha pawar
{original cost (-)salvage value}/useful life= {126000-
6000}/6=rs. 20000
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?
What methods do you use to discover sales opportunities?
how we can calculate sundry debtors and crditors a/c?show some examples
Explain what does financial statement of the company includes?
What is the Technology used to carry out trades? Pls Tell me as early as possible.
Tell us in balance sheet, where do you show tds?
I am a service man.I want to submit my income tax return by efilling.Anybody can help me to do the same with the information to submit the file?
What are the different branches of accounting?
How Many Accounting Principale
What is the entry to be passed on receiving the tds certificate in the books of the deductee?
What is band and why the company needs this?
Compare financial accounting and cost accounting.
IS THERE ANY DIFFERENCE BETWEEN PAID UP CAPITAL AND PAID IN CAPITAL?
The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).
record the following transaction in the various books of accounts F Black loan us $5000 paid by cheque.