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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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