On 1st April, 2020 the books of the business showed Plant and Machinery at ₹ 8,00,000. On 1st October 2020, additional machinery was purchased for ₹ 4,00,000. Business provides depreciation @ 20% p.a. at diminishing balance method. The amount of depreciation for the year ended 31.3.21 is:
₹2,00,000
₹2,40,000
₹1,20,000
₹1,00,000
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100000000
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