Mathematics · Depreciation Calculations
A bank purchased a currency sorting machine on October 1, 2023, for 15,00,000. Its useful life is 6 years with an estimated residual value of 3,00,000. Using the Straight Line Method, calculate the accumulated depreciation on the machine as of March 31, 2025 (financial year ends March 31).
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11,00,000
- 24,00,000
- 33,00,000✓
- 42,00,000
Correct answer
3,00,000
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