An asset cost Rs. 5,00,000/- has residual value of Rs. 50,000/-, and is expected to last 5 years. Ca

An asset cost Rs. 5,00,000/- has residual value of Rs. 50,000/-, and is expected to last 5 years. Calculate the depreciation for 3rd year using Straight-line Method. a. Rs. 90,000 b. Rs. 1,00,000 c. Rs. 2,70,000 d. Rs. 3,00,000

 

Dear sir, are you asking depreciation amount for the 3rd particular yr or the amount accumulated till 3rd yr

 

500000-50000= 450000450000÷5= 9000090000×3= 270000Ans is c

 

Total depcn UpTo ,3 yr is 270000 but Q's is depcn for 3rd year