Question
A machine was purchased for ₹1,00,000. Depreciation is
charged at 10% per annum under the Diminishing Balance Method. The book value of the machine at the end of the second year will be:Solution
Year 1 Depreciation: 10% of ₹1,00,000 = ₹10,000. Book Value at year-end: ₹90,000. Year 2 Depreciation: 10% of ₹90,000 = ₹9,000. Book Value at year-end: ₹81,000.
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