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Purchase price of Machine 8,90,000; Freight and Cartage 7,000; Installation charges 30,000; Insurance charges 20,000; Residual value is 40,000; estimated useful life 5 years. The amount of annual depreciation under straight line method will be

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Question:

Purchase price of Machine 8,90,000; Freight and Cartage 7,000; Installation charges 30,000; Insurance charges 20,000; Residual value is 40,000; estimated useful life 5 years. The amount of annual depreciation under straight line method will be

A.

1,77,400

B.

1,81,400

C.

1,97,400

D.

1,77,900

Answer» a. 1,77,400

Note: The above multiple-choice question is for all general and Competitive Exams in India.