Asset book value Rs 6.4 lakh rises by a Rs 2 lakh grant refund; 8 years remain, SLM. Yearly depreciation?
ARs 1,05,000
BRs 1,50,000
CRs 1,25,000
DRs 80,000
Answer & Solution
Correct answer: A. Rs 1,05,000
Revised book value is 8,40,000 and spreading it over the 8 remaining years gives 1,05,000 a year.
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