The original cost of an instrument is Rs. 10,000 / -. Its salvage value at the end of its useful life at the end of five years. 1,000 / – at the end of two years of its useful life (according to the direct line method of evaluation of depreciation)
A. Rs. 8800 / –
B. Rs. 7,600 / –
C. Rs. 6,400 / –
D. Rs. 5,000 / –
Answer:C
The original cost of an instrument is Rs. 10,000 / -. Its salvage value at the end of its useful life at the end of five years. 1,000 / – at the end of two years of its useful life (according to the direct line method of evaluation of depreciation)
A. Rs. 8800 / – B. Rs. 7,600 / – C. Rs. 6,400 / – D. Rs. 5,000 / –