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You are given a graded activity.

Questions for Graded Discussion Board (Lectures 19 - 20)  

 

 

Question 1:

An asset has a cost of Rs. 50000. After 11 years, its salvage value is Rs. 9000.  What is the sum-of-years' digits depreciation of the asset for one year?

Question 2:


Let your garments business net sales were 55, 00,000 and total variable costs were 2, 05,000 in last year. You spent 50,000 on machinery, depreciation cost of 14,000, rent 25,000, wages 40,000 and other costs related to making the garments as 30,500. What was your net income for last year?

Opening Date of Graded Discussion Board:

Friday, June 22, 2016 at 12:01 a.m.

Closing Date of Graded Discussion Board:

Thursday, June 27, 2016 at 11:59 p.m.

 

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