{"id":157709,"date":"2023-09-07T12:05:12","date_gmt":"2023-09-07T06:35:12","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=157709"},"modified":"2023-09-07T12:05:15","modified_gmt":"2023-09-07T06:35:15","slug":"a-company-has-purchased-an-asset-by-investing-rs-30000","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/a-company-has-purchased-an-asset-by-investing-rs-30000\/","title":{"rendered":"A company has purchased an asset by investing Rs.30,000"},"content":{"rendered":"\n<p>Q. A company has purchased an asset by investing Rs.30,000. The useful life of the asset is 5 years and it has no salvage value at the end of its useful life. The depreciation cost (in Rs.) for the 2<sup>nd<\/sup> year using sum-of-years-digit (SYD) method is<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>(A) 10,000<\/td><td>(B) 8,000<\/td><td>(C) 6,000<\/td><td>(D) 4,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Ans: 8,000<\/p>\n\n\n\n<p>Sol:<\/p>\n\n\n\n<p>Initial value, I\u00a0= 30000, Salvage Value, V = 0, N = 5, n = 2.<\/p>\n\n\n\n<p>Total Depreciation = 30000 &#8211; 0 = 30000<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"377\" height=\"142\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/09\/Screenshot-814.png\" alt=\"\" class=\"wp-image-157711\" srcset=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/09\/Screenshot-814.png 377w, https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/09\/Screenshot-814-300x113.png 300w\" sizes=\"auto, (max-width: 377px) 100vw, 377px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"552\" height=\"128\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/09\/Screenshot-815.png\" alt=\"\" class=\"wp-image-157712\" srcset=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/09\/Screenshot-815.png 552w, https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/09\/Screenshot-815-300x70.png 300w\" sizes=\"auto, (max-width: 552px) 100vw, 552px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Q. A company has purchased an asset by investing Rs.30,000. The useful life of the asset is 5 years and it has no salvage value at the end of its useful life. The depreciation cost (in Rs.) for the 2nd year using sum-of-years-digit (SYD) method is (A) 10,000 (B) 8,000 (C) 6,000 (D) 4,000 Ans: [&hellip;]<\/p>\n","protected":false},"author":419,"featured_media":157713,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5141],"tags":[5140],"offerexpiration":[],"class_list":["post-157709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gate","tag-gate-questions"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/157709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=157709"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/157709\/revisions"}],"predecessor-version":[{"id":157714,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/157709\/revisions\/157714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/157713"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=157709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=157709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=157709"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=157709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}