The depreciation on plant A is 15% p.a. on written down value method. The asset was purchased for ₹ 80,000 on 15.7.2018. Assuming it to he the only asset in the block and no other asset was purchased during the period, the amount of depreciation for the P.Y. 2019-20 will be:
A. ₹ 12,000
B. ₹ 10,200
C. ₹ 6,000
D. 15,100
Answer:B
The depreciation on plant A is 15% p.a. on written down value method. The asset was purchased for ₹ 80,000 on 15.7.2018. Assuming it to he the only asset in the block and no other asset was purchased during the period, the amount of depreciation for the P.Y. 2019-20 will be:
A. ₹ 12,000 B. ₹ 10,200 C. ₹ 6,000 D. 15,100