A plant and machinery costing Rs.50,00,000 is depreciated on straight line assuming 10 year working life and zero residual value, for four years. At the end of the fourth year, the machinery was revalued upwards by Rs.2,00,000. The remaining useful life was reassessed at 8th year. Calculate the depreciation for the fifth year.
How to calculate the depreciation amount for the 5th year? Can anyone guide me with this query
How to calculate the depreciation amount for the 5th year? Can anyone guide me with this query