McqMate
Q. |
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 |
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Fundamentals of Accounting