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If the Cost('000)of P&M is 2.4 $ and Depreciated value after 3 years is 1.32$ the % of Dep. under Straight Line Method. A: 24 B: 20 C:18 D:15

Accounting
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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/08/14
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Sohaib Naseem
by Sohaib Naseem , Manager Advertisement Sales , Fashion Traders

D =15

Mohammed Mohammed
by Mohammed Mohammed , Senior SAP Consultant , Abyat Mega Store

3 years dep is2.4 -1.32=1.08 .therefore1 year =1.08/3=0.36 per year Rate of dep =(0.36/2.4 )×100 =15 % So Answer is. D15

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