A machine costs ₹4,00,000, residual value is ₹40,000 and useful life is 8 years Straight-line annual depreciation is:

Type: MCQ • Marks: 1

A. 40000

B. 45000

C. 50000

D. 55000

Explanation

(₹4,00,000 − ₹40,000) ÷ 8 = ₹45,000.

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UPSC Principal & Vice Principal Management Finance Administration

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