Question

A company purchases equipment for Rs30,000 on July 1, 2019. It estimates that the equipment will have a salvage value of Rs2, 000 and its useful life will be 7 years. Assuming that the company's accounting year ends on December 31 of each year, what will be the total accumulated depreciation expenses up to December 31st, 2020 assuming straight-line depreciation?
(2 Points)

Answer 1

Answer:

₹36800070 is the correct answer