Following information is extracted from the books of Arfan Ltdas on December 31st, 2007.
Particulars
|
Cost
|
Depreciation
rate
|
Accumulated Depreciation
On 01-01-2007
|
Vehicles 01-01-2007
|
1,90,000
|
10%
|
10,000
|
Building 01-01-2007
|
4,00,000
|
20%
|
12,500
|
Furniture & Fixture 01-01-2007
|
4,15,000
|
15%
|
34,500
|
Land 01-01-2007
|
1,58,000
|
--
|
---
|
You are required to calculate Written down value of eachasset and show working of complete depreciation for the year endingon December 2007.