{"id":54193,"date":"2024-04-16T00:06:01","date_gmt":"2024-04-16T00:06:01","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=54193"},"modified":"2024-04-16T00:06:01","modified_gmt":"2024-04-16T00:06:01","slug":"if-original-cost-of-a-machine-is-rs-126000-and-its-scrap-value-is-rs-6000-what-will-be-the-amount-of-depreciation-for-ii-yr-by-using-wdv-method","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/if-original-cost-of-a-machine-is-rs-126000-and-its-scrap-value-is-rs-6000-what-will-be-the-amount-of-depreciation-for-ii-yr-by-using-wdv-method\/","title":{"rendered":"If original cost of a machine is Rs. 1,26,000 and its scrap value is Rs. 6000. what will be the amount of depreciation for II yr by using WDV method"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 10,800&#8243; option2=&#8221;Rs. 11,340&#8243; option3=&#8221;Rs. 15,000&#8243; option4=&#8221;Rs. 14,000&#8243; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is A. Rs. 10,800.<\/p>\n<p>The written down value (WDV) method is a depreciation method that calculates depreciation based on the asset&#8217;s original cost, its scrap value, and its estimated useful life. The formula for calculating depreciation using the WDV method is:<\/p>\n<p>Depreciation = (Original cost &#8211; Scrap value) \/ Estimated useful life<\/p>\n<p>In this case, the original cost of the machine is Rs. 1,26,000, the scrap value is Rs. 6000, and the estimated useful life is 10 years. Therefore, the depreciation for the first year is:<\/p>\n<p>Depreciation = (126000 &#8211; 6000) \/ 10 = 12000<\/p>\n<p>The depreciation for the second year is:<\/p>\n<p>Depreciation = (126000 &#8211; 6000 &#8211; 12000) \/ 9 = 10800<\/p>\n<p>Therefore, the amount of depreciation for the second year by using WDV method is Rs. 10,800.<\/p>\n<p>Option B is incorrect because it is the depreciation for the first year. Option C is incorrect because it is the scrap value of the machine. Option D is incorrect because it is the depreciation for the first year plus the scrap value of the machine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 10,800&#8243; option2=&#8221;Rs. 11,340&#8243; option3=&#8221;Rs. 15,000&#8243; option4=&#8221;Rs. 14,000&#8243; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-54193","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>If original cost of a machine is Rs. 1,26,000 and its scrap value is Rs. 6000. what will be the amount of depreciation for II yr by using WDV method<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/if-original-cost-of-a-machine-is-rs-126000-and-its-scrap-value-is-rs-6000-what-will-be-the-amount-of-depreciation-for-ii-yr-by-using-wdv-method\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"If original cost of a machine is Rs. 1,26,000 and its scrap value is Rs. 6000. what will be the amount of depreciation for II yr by using WDV method\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Rs. 10,800&#8243; 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