MR. X bought a building for ₹ 20,00,000 on 28.3.2019 and rate of depreciation was 40%. The asset was used in the business on 31.1.2020. The amount of deprecation for the P.Y. 2019-20 will be:
A. ₹ 8,00,000
B. ₹ 4,00,000
C. ₹ 6,00,000
D. ₹ 6,40,000
Answer:A
MR. X bought a building for ₹ 20,00,000 on 28.3.2019 and rate of depreciation was 40%. The asset was used in the business on 31.1.2020. The amount of deprecation for the P.Y. 2019-20 will be:
A. ₹ 8,00,000 B. ₹ 4,00,000 C. ₹ 6,00,000 D. ₹ 6,40,000