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Machinery was purchased on July 1, 2020. Depreciation was to be charged @10% p.a on March 31 every year by WDV. For the year ending March 31, 2021 depreciation charged was ₹1,20,000. Cost of Machinery purchased was ___ (a) ₹ 12,00,000 (b) ₹16,00,000 (c) ₹1,08,000 (d) ₹10,80,000 |
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Answer» Correct option is (b) ₹16,00,000 |
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