Question
Company X purchased machinery for ₹10 lakh, salvage
₹1 lakh, useful life 5 years. If using reducing-balance method at 40% p.a., what is depreciation expense in year 2?Solution
Year 1 depreciation = ₹10 L × 40% = ₹4 L → NBV end Yr1 = ₹6 L; Yr2 dep = ₹6 L × 40% = ₹2.4 L.
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