PRC-1 · Chapter 6 · Question 73 of 100
Using the data from the previous question (WDV 2,916,000 at 10% reducing balance), what will be the depreciation expense for the current year (2021)?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Rs. 291,600
Explanation
Under the reducing balance method, the current year's depreciation is the opening written down value multiplied by the rate. 2,916,000 x 10% = Rs. 291,600.
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