- Purchase price of M1: ₹80,000
- Depreciation rate: 20% per annum (SLM)
- Depreciation per year: \( \frac{20}{100} \times 80,000 = 16,000 \)
Depreciation for each year:
- 1997: ₹16,000
- 1998: ₹16,000
- 1999: ₹16,000
- 2000 (up to 1st October, 9 months): \(
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