You are required to calculate written down value of


Following information is extracted from the books of Arfan Ltdas on December 31st, 2007.

Particulars

Cost

Depreciation

rate

Accumulated Depreciation

On 01-01-2007

Vehicles 01-01-2007

1,90,000

10%

10,000

Building 01-01-2007

4,00,000

20%

12,500

Furniture & Fixture 01-01-2007

4,15,000

15%

34,500

Land 01-01-2007

1,58,000

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You are required to calculate Written down value of eachasset and show working of complete depreciation for the year endingon December 2007.

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Accounting Basics: You are required to calculate written down value of
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