1.

On 1st July, 2020 Aqua Ltd purchased Machinery of ₹4,00,000. Depreciation is to be charged @10% p.a by diminishing balance method. What amount of depreciation will be charged for the year ending March 31, 2021? (a) ₹40,000 (b) ₹20,000 (c) ₹30,000 (d) ₹70,000

Answer»

Correct option is (c) ₹30,000



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