A building costs ₹20 lakh and has an estimated residual value of ₹2 lakh with a useful life of 18 years Straight-line an...

Type: MCQ • Marks: 1

A building costs ₹20 lakh and has an estimated residual value of ₹2 lakh with a useful life of 18 years Straight-line annual depreciation is:

A. 90000

B. 100000

C. 110000

D. 120000

Explanation

(₹20,00,000 − ₹2,00,000) ÷ 18 = ₹1,00,000.

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UPSC Principal & Vice Principal Management Finance Administration

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