A machine is purchased on 1st January, 2001 for Rs. 1,00,000. Depreciation is to be charged at the rate of 10% P.A. by diminishing balance method. What will be the amount of depreciation shown is the profit and loss account for the year ending 31st December, 2004?
A. Rs. 10,000
B. Rs. 8,100
C. Rs. 20,000
D. Rs. 7,290
Answer: Option D
This Question Belongs to Commerce >> Accounting
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