A machine costing ₹1,00,000 with ₹10,000 salvage and 9-year life: annual depreciation under the straight-line method is
- ₹11,111
- ₹12,000
- ₹9,000
- ₹10,000
Show answer and solution
Correct answer: D. ₹10,000
SLM depreciation = (Cost − Salvage)/Life = (1,00,000 − 10,000)/9 = ₹10,000 per year.