Original cost of an asset is Rs. 57,000, scrap value Rs.2,000 and estimated life 10 years. What will be the amount of depreciation in the first year according to the sum of the year's digits methods:
A. Rs. 10,000
B. Rs. 5,900
C. Rs. 5,700
D. Rs. 5,500
Answer: Option A
This Question Belongs to Commerce >> Accounting
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