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Equipment cost $ 1000/- depreciation rate 20% under the straight line method what is written down value after 3 years?

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Question added by Wasim khan wazir , Finance Specialist , Mott Macdonald
Date Posted: 2015/12/12
Jiju Oommen
by Jiju Oommen , ERP Software Consultant , Simplex IT Solutions

$ Four Hundred

 

Fahad Saleem
by Fahad Saleem , Assistant Manager Finance , STREIT GROUP

% Means that asset has a useful life of5 years with assumptions of having no residual value.Accordingly the depreciation charge for each year will remain the same as per straight line method.

The Depreciation charge per year is $/- so for three years it would be($ x3 Years).So the written down value for the equipment after three years will be $($-$).

Rakesh Divakaran Rakesh Divakaran
by Rakesh Divakaran Rakesh Divakaran , Branch in charge , Mars International India (P) Ltd

$/- will be the WDV after3 yrs

% depreciation of a $ asset would be $/year.

3 years accumulated depreciation would be $

Carried down value of asset will be $

Mohammed Musthafa
by Mohammed Musthafa , Practical Instructor & Accessor -Aviation , Australian University Kuwait

Under Straight line: The asset value will be $/- after3 year.

                                     We are calculating the depreciation on the fixed cost.

Under written down method:

                                     After1 year:- (*%)=$.

                                      After2 year:-(*%)=$.

                                      After3 year:-(*%)=$.

                                      We calculate the depreciation on the rest balance after deducting the previous year depreciation

                                                            

Emmanuel Sibbaluca
by Emmanuel Sibbaluca , Accountant , Jubaili Bros SAL

The given info is a bit confusing because Staightline method and Written  Down Method are two different methods of depreciation. But my answer is.

Umair Javed
by Umair Javed , Deputy Manager Accounts & payables , Fazal Group Of Companies

would be the value after3 years.

BHAVIN PATEL
by BHAVIN PATEL , Senior Accountant , Sigma Projects

After three years written down value will be $ Four Hundred.

Yahia Omran Ibrahim
by Yahia Omran Ibrahim , Head Of Finance , Afaq Alnama for logistics

The historical cost Acc. Depr. NBV

Mohammad Alabdullah
by Mohammad Alabdullah , Marketing And Business Development Manager , Marcom Arabia

The depreciation rate is% over3 years so after the3 year finish the result will be and that amount will be depreciated in the4 year 

abdulaziz khorshid
by abdulaziz khorshid , CREDIT MANAGER , RASHED ABDUL RAHMAN ALRASHED

the written down value will be$

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