alleryStart learning →Grant Rs 2 lakh, asset Rs 10 lakh, year-1 depreciation Rs 1.5 lakh. Grant income?
ARs 1,50,000
BRs 30,000
CRs 20,000
DRs 15,000
Answer & Solution
Correct answer: B. Rs 30,000
Depreciation is 15 percent of cost, so the same share of the 2,00,000 grant, 30,000, is released.
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