Multiple choice

Date of purchase of machine is 1.4.20X4, cost: Rs. 12, 00, 000, rate of depreciation: 10% p.a. on Written down value basis. On 1.10.20X6, a part of machinery was purchased for Rs. 80, 000. The closing balance of provision for depreciation account as at 31.3.20X7 will be

  1. Rs. 1, 20, 000

  2. Rs. 2, 28, 000

  3. Rs. 3, 25, 200

  4. Rs.3, 60, 000
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C Correct answer

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