Q854
A machine was purchased for Rs. 10,000 and its life was estimated to be 3 years, and at the end of its life, its book value was Rs. 5,120. If depreciation is calculated according to Diminishing Balance method, the rate of depreciation would be:
A.
25%
B.
15%
C.
20%
AnswerD.
10%
Answer: Option C
Solution
Answer: Option C
No explanation is given for this question Let's Discuss on Board