Q. A company has purchased an asset by investing Rs.30,000. The useful life of the asset is 5 years and it has no salvage value at the end of its useful life. The depreciation cost (in Rs.) for the 2nd year using sum-of-years-digit (SYD) method is
| (A) 10,000 | (B) 8,000 | (C) 6,000 | (D) 4,000 |
Ans: 8,000
Sol:
Initial value, I = 30000, Salvage Value, V = 0, N = 5, n = 2.
Total Depreciation = 30000 – 0 = 30000
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