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Question
10% Depreciation on Furniture ₹ 12,000/- 3 Months
Solution
10 % p.a. Depreciation on Furniture ₹ 12,000/- 3 Months
Depreciation = Cost of Asset × Rate × Period
`= 12,000 xx 10/100 xx 3/12`
= ₹ 300 Depr. for 3 months
Thus, Depreciation on furniture @10% on ₹ 12,000 for 3 months = ₹ 300.
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