Question

10 % p.a. Depreciation on Furniture ₹ 50,000 (for three months)

Answer 1

Depreciation = Cost of Asset × Rate × Period = 50,000 × \(\frac{10}{100}\times\frac{3}{12}\)

= ₹ 1250 Depr. for 3 months

Thus, Depreciation on furniture @ 10 % on ₹ 50,000 for 3 months = ₹ 1250.