An asset was purchased for Rs.25, 000 and was depreciated under Reducing Balance

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An asset was purchased for Rs.25, 000 and was depreciated under Reducing Balance Method at the rate of 10% p.a. What is the value of the asset at the end of three years?

Options:

A . Rs.25,000

B . Rs.25,000

C . Rs.18,225

D . None of the above.

Answer: Option C

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