The estimated life of a machine costing Rs. 9,00,000 is 9 years. The firm follows the 'Sum of Year Digit' Method of depreciation. The amount of depreciation provision on the machine in the sixth year of its life will be:
A. Rs. 40,000
B. Rs. 60,000
C. Rs. 80,000
D. Rs. 90,000
Answer: Option C
This Question Belongs to Commerce >> Accounting
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