A Rs 1,00,000 machine on 10-year straight line, nil residual. After 3 years, 2 years remain. Next year's depreciation?
ARs 25,000
BRs 30,000
CRs 20,000
DRs 35,000
Answer & Solution
Correct answer: D. Rs 35,000
Carrying amount after 3 years is Rs 70,000, which spread over the revised 2 years gives Rs 35,000 a year with no restatement of earlier years.
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