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An asset costing Rs 2,00,000 is written down at 10 percent a year. Book value after three years?
ARs 1,40,000
BRs 1,62,000
CRs 1,45,800
DRs 1,60,000
Answer & Solution
Correct answer: C. Rs 1,45,800
2,00,000 falls to 1,80,000, then 1,62,000, then 1,45,800 after charges of 20,000, 18,000 and 16,200.
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