A firm purchases a 5 years’ lease for Rs. 40,000 on 1st January. It decides to write off…

A firm purchases a 5 years’ lease for Rs. 40,000 on 1st January. It decides to write off depreciation on the Annuity method, presuming the rate of interest to be 5% per annum. The annuity for it is 0.230975. The amount of annual depreciation will be
(a) Rs. 8,000
(b) Rs. 2,000
(c) Rs. 9,239
(d) Rs. 6,000

"Is this question part of your assignment? We can help"

ORDER NOW