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      Question

      K Ltd. purchased a tractor costing ₹1,00,000 on 1

      January 2022. The rate of depreciation to be charged was fixed at 20% per annum. Calculate the depreciation for the third year, under diminishing balance method.
      A ₹12,800 Correct Answer Incorrect Answer
      B ₹20,000 Correct Answer Incorrect Answer
      C ₹10,000 Correct Answer Incorrect Answer
      D ₹16,000 Correct Answer Incorrect Answer

      Solution

      The correct answer is A

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