Written down value of a machine as on 31st March 2019 is ₹6,65,558. Rate of depreciation on the basis of written down value method is 15%. What will be the cost of this machine purchased on 1st April, 2014?
CS Executive · Corporate and Management Accounting · PYQS · December 2019
Written down value of a machine as on 31st March 2019 is ₹6,65,558. Rate of depreciation on the basis of written down value method is 15%. What will be the cost of this machine purchased on 1st April, 2014?
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Financial Accounting
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