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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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