A Principal purchases furniture for ₹3,00,000 Its useful life is estimated at 10 years and residual value at ₹20,000

Type: MCQ • Marks: 1

A. 20000

B. 28000

C. 30000

D. 32000

Explanation

(₹3,00,000 − ₹20,000) ÷ 10 = ₹28,000.

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UPSC Principal & Vice Principal Management Finance Administration

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