Mathematics · Depreciation
A machine was acquired on 1st April, 2019 for Rs. 6,00,000. Rs. 40,000 was spent on its installation. The scrap value after 5 years is predicted to be Rs. 1,00,000. On 1st October 2019, Rs. 20,000 was spent on repairs. What will be the annual depreciation under the straight-line method?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1,12,000
- 2Rs. 1,00,000
- 3Rs. 84,000
- 4Rs. 1,08,000✓
Correct answer
Rs. 1,08,000
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