alleryStart learning →Rs 2 lakh asset grant, deferred income, 8-year life. Yearly P and L income?
ARs 40,000
BRs 16,000
CRs 25,000
DRs 2,00,000
Answer & Solution
Correct answer: C. Rs 25,000
The 2,00,000 grant spread evenly over 8 years gives 25,000 a year.
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