Calculate written down value of each asset

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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

--

---

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

Reference no: EM13258932

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