An asset was purchased for ₹ 5,00,000 and as per reducing balance method, 20% depreciation is charged each year. What is the value of assets at the end of 3 years? *
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Answer:
20% of 5,00,000 = 1,00,000
5,00,000 - (1,00,000 × 3) = 2,00,000
therefore 2,00,000 is your answer
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Explanation:
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Answer:
answer is 300000
Explanation:
500000*60 divide 100 = 300000
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