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Fixed assets is 400000 accumulated depreciation 100000 salvage value 100000 fixed assets age 6 years

based on these information number of years fixed assets has been depreciated is 

A-1 

B-2

C-3

D -4

 

 

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Question ajoutée par Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date de publication: 2015/03/21
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option >>>>>>>>>>>>>>>>>>>>  B-                   2

Ahmed Abdi Mahad
par Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University

Given:

Cost =400,000

Salvage value =100,000

Estimated life =6 Years

Accumulated depreciation =100,000

(Cost - salvage value)/estimated life = annual depreciation

= (400,000 -100,000)/6 =50,000 per year

Then, according to your the given accumulated depreciation is 100,000 which is50,000 X2

So, Choice B2 years is the answer

Muhammad Ramzan Tufail  ACCA
par Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

(B) is the correct Ans.

 

Depreciation -400,000 -100,000 /6 =50,000 Per Year

 

So,50,000 @2 Years =100,000 Acc. Dep

BIBIN VARGHESE
par BIBIN VARGHESE , Senior Accountant , LONDON CONSULTING MEDICAL CENTER

Answer B-2 Years

 

Salvage value -100000( The estimated value that an asset will realize upon its sale at the end of its useful life.)

1st year Depreciation50000

2nd year Depreciation50000

3rd year Depreciation50000

4th year Depreciation50000

5th year Depreciation50000

6th year Depreciation50000

 

Accumulated Depreciation after6 year300000

Salvage Value =400000 –300000

                           =100000

 Accumulated Depreciation for2 years =100000

 

 

Utilisateur supprimé
par Utilisateur supprimé

Yes agree B) is the answer

 

400 -100 RV divide by6 =50 annual depr. Therefore100 AD divide by50 =2 years

Zaeem Ahsan
par Zaeem Ahsan , Costing Associate , Rastgar Enginerring Company pvt LTD

(B)2, is the correct answer.

Using straight line depreciation method, annual depreciation charge is50,000.Since accumulated depreciation is100,000 which is double of annual charge.

FITAH MOHAMED
par FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

AN D ->>>>>>>>>>>>>4

Depreciable value =40,000 to10,000 = $30,000

Premium depreciation =30000 /6 = $50,000

Aad years depreciation calculated = () /50000 =4 years

RAJESH DESHKULKARNI GOPAL
par RAJESH DESHKULKARNI GOPAL , Group Accounts & Tax Manager , Confidential Group

I do agree with my fellow professionals answer (B) 2 years

NABIL BOUKHEDIMI
par NABIL BOUKHEDIMI , Accounting Senior Supervisor , OPTIMUM TELECOM ALGERIA

B- 2 years depreciation (400000-100000)/6=50000 per yr

then 100000/50000=2

 

Abdul Malik
par Abdul Malik , ACCOUNTANT GENERAL , ELITE WAY MARINE SERVICES (EWMS)

According the straight line depreciation method every year fixed assed is depreciated @ of 500,00 and the accumulated depreciation is shown 100,000 so it means that the asset is already depreciated for 2 years.

So the answer is Option B - 2

Ahmed kandil
par Ahmed kandil , Cost Controller , Battour Holding Cpompany

Correct answer is B2 years

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