Question

1
The balance of machinery on
March 31, 2019 is Rs.1,60,000. The
machinery was purchased on
April 1, 2017. Depreciation is
charged @ 10% p.a. by Straight
Line Method. The cost price of
the machine as on April, 2017 is
Rs._​

Answer 1

Answer:

here,

₹160000 is 80% of the value at the beginning.

So,

value of asset 2 years back=

160000/80%

= 200000