A fixed asset was bought for Rs 5000. Its accumulated depreciation is Rs 3000 an

Question

A fixed asset was bought for Rs 5000. Its accumulated depreciation is Rs 3000 and rate of depreciation is 20%. Calculate its depreciation expenses for the current accounting period using reducing balance method?

Options:

A . Rs 600

B . Rs 2000

C . Rs 300

D . Rs 400

Answer: Option D
:
D
Particulars
Amount
Written Down Value
2000
(5000-3000)
Depreciation
400
(2000*20%)

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