On 1st January, 2008, A Ltd. Purchased a machinery for Rs.50, 000 and spent Rs.

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On 1st January, 2008, A Ltd. Purchased a machinery for Rs.50, 000 and spent Rs.3, 500 on its carriage and Rs.2, 500 on its installation. Its useful life is 10 years and scrap value is Rs.6, 000. Depreciation for the year under straight line method will be:

Options:

A . Rs.4,600

B . Rs.5,000

C . Rs.5,600

D . None of the above

Answer: Option B

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