Use straight line method. Depreciation= (Cost-Scrap Value)/ Useful Life
How To Calculate Depreciation In Cases Where Rate Of Depreciation Is Not Given?
Plz use the said formula for computing the Depreciation as per WDV method.
Rate of Depreciation = 1 - n √(Residual Value/Historical Cost)
n = no. Of Years = 10
Residual Value = 50000
H.Cost = 50 lacs
Rate of Depreciation = 1 - n √(Residual Value/Historical Cost)
n = no. Of Years = 10
Residual Value = 50000
H.Cost = 50 lacs