A company has fixed assets of Rs. 2,00,000 and profit after depreciation @ 5% p.a. is Rs. 80,000 and income tax depreciation is Rs. 8,000. Calculate: limit for
(i) 5% of the Net Profit as commission to
Manager,
(ii) Tax provision at 50%.
@Mahi Helwoo
How are yuh
(i) 5% of the Net Profit as commission to
Manager,
(ii) Tax provision at 50%.
@Mahi Helwoo
How are yuh
Answers & Comments
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Straight-Line Method
Subtract the asset's salvage value from its cost to determine the amount that can be depreciated.
Divide this amount by the number of years in the asset's useful lifespan.
Divide by 12 to tell you the monthly depreciation for the asset.
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Ello pranav ^_^
Evaporation is a type of vaporization that occurs on the surface of a liquid as it changes into the gas phase. The surrounding gas must not be saturated with the evaporating substance. When the molecules of the liquid collide, they transfer energy to each other based on how they collide with each other.
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