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Question
An excavator costs Rs. 20,00,000 and has an estimated life of 8 years. It has no salvage value at the end of 8 years. The book value of the excavator at the end of 3 years using general double declining balance method is
Options:
A .  Rs. 8,43,750
B .  Rs. 8,75,000
C .  Rs. 10,50,000
D .  Rs. 11,56,250
Answer: Option A

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