A machine costs ₹6,00,000, residual value ₹60,000 and useful life 6 years If depreciation is calculated using straight-l...
Type: MCQ • Marks: 1
A machine costs ₹6,00,000, residual value ₹60,000 and useful life 6 years If depreciation is calculated using straight-line method, the carrying amount after 4 years is:
Options
A. 240000
B. 280000
C. 300000
D. 360000
Explanation
Annual depreciation = (₹6,00,000 − ₹60,000)/6 = ₹90,000. Four years = ₹3,60,000. Carrying amount = ₹6,00,000 − ₹3,60,000 = ₹2,40,000.
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UPSC Principal & Vice PrincipalManagement Finance Administration
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