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
B ₹2,72,727.27
C ₹2,45,454.55
D ₹1,22,727.27
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