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    • Question

      An asset is purchased for ₹14 lakhs and ₹1 lakh was

      spent on the installation of the asset, with a useful life of 10 years. What is the difference between the amount of depreciation charged in the second year as per the straight-line method and the sum of years of digits method?
      A ₹95,454.55 Correct Answer Incorrect Answer
      B ₹2,72,727.27 Correct Answer Incorrect Answer
      C ₹2,45,454.55 Correct Answer Incorrect Answer
      D ₹1,22,727.27 Correct Answer Incorrect Answer

      Solution

      The correct answer is A

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