New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Original cost = 12,60,000; Salvage value = Nil; Useful life = 6 years. Depreciation for the first year under sum of years digits method will be:

    A ₹3,60,000 Correct Answer Incorrect Answer
    B 1,20,000 Correct Answer Incorrect Answer
    C ₹1,80,000 Correct Answer Incorrect Answer
    D ₹2,10,000 Correct Answer Incorrect Answer
    E ₹2,00,000 Correct Answer Incorrect Answer

    Solution

    OC – Salvage value = 1260,000 – 0 Sum of Years Digits = 6+5+4+3+2+1 = 21

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