A machine was purchased for Rs. 1,000 and its life was estimated to be 3 years and at the end of life its book value will be Rs. 512. If depreciation is calculated according to written down value method. The rate of depreciation would be:
A. 25%
B. 15%
C. 20%
D. 10%
Answer: Option C
This Question Belongs to Commerce >> Accounting
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