alleryStart learning →Rs 1,00,000 asset, 5-year life, double-declining balance. Year 2 charge?
ARs 40,000
BRs 20,000
CRs 30,000
DRs 24,000
Answer & Solution
Correct answer: D. Rs 24,000
Rate is double the straight-line 20%, so 40,000 in year 1 and 40% of the remaining 60,000, which is 24,000, in year 2.
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