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The capital cost of a distillation column is Rs. 90 lakhs. The cost is to be fully depreciated (salvage value is zero) using the double-declining balance method over 10 years. At the end of two years of continuous operation, the book-value of the column, in lakhs of rupees, rounded off to 1 decimal place, is___
The capital cost of a distillation column is Rs. 90 lakhs. The cost is to be fully depreciated (salvage value is zero) using the double-declining balance method over 10 years. At the end of two years of continuous operation, the book-value of the column, in lakhs of rupees, rounded off to 1 decimal place, is___
Updated On: Jul 17, 2024
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Correct Answer: 57.5
Solution and Explanation
The correct Answers is :57.5 or 57.7
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