Mathematics · Depreciation Methods
A machine costing ₹1,00,000 has an estimated useful life of 5 years and no scrap value. Under the Sum of Years' Digits Method, what will be the depreciation charged in the third year?
- 1₹10,000
- 2₹20,000✓
- 3₹24,000
- 4₹18,000
Correct answer
₹20,000
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