2224Civil EngineeringMedium
An excavator costs Rs. 20,00,000/- and has an estimated life of 8 years. It has no salvage value at the end of 8 years. The book value of the excavator at the end of 3 years using general double declining balance method is________?
ARs. 8,43,750/-
BRs. 11,56,250/-
CRs. 8,75,000/-
DRs. 10,50,000/-
Correct answer
A. Rs. 8,43,750/-
Explanation
The correct answer is Rs. 8,43,750/-.