Question

A new machine was imported by Nishtha Ltd. from South Korea for ₹7,00,000

and 20% p.a. depreciation is charged as per reducing balance method. The book

value of the machine at the end of the second year would be___________

(Choose the correct alternative)

a. ₹ 4,84,000

b. ₹ 4,48,000

c. ₹ 4,64,000

d. ₹4,72,000

Answer 1

Answer:

option B) ₹ 4,48,000 is a answer

I hope it's helps you chotti

Answer 2

Answer:

Answer is option b) 448000

Explanation:

In first year Depreciation will be 7,00,000×20%

=140000

So the book value will be 7,00,000-140000=560000

and in second year depreciation will be 560000×20%=112000

So, the book value will be 560000-112000=448000

Hope it helps you

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