Question

A company purchased machinery for ₹20,00,000 on 1st April 2022. Freight ₹1,00,000, Installation ₹50,000, Trial run expenses ₹30,000, and Loss during trial ₹20,000. Depreciation is 10% on straight line method. What will be depreciation for FY 2022-23?

A ₹2,00,000
B ₹2,15,000
C ₹2,18,000
D ₹2,16,000
E ₹2,10,000
Practice Next

Hey! Ask a query