Accounting · Depreciation
ABC purchased a machine for Rs. 1,00,000. Estimated useful life and scrap value were 4 years and Rs. 10,000, respectively. The machine was put to use on 1 January 2020. What will be the depreciation for the year ended 31 December 2023 as per the sum of years of digits method?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 22,500
- 2Rs. 18,000
- 3Rs. 9,000✓
- 4Rs. 10,000
Correct answer
Rs. 9,000
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