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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 | |
A. | Rs. 8,43,750/- [Correct Answer] |
B. | Rs. 8,75,000/- [Wrong Answer] |
C. | Rs. 10,50,000/- [Wrong Answer] |
D. | Rs. 11,56,250/- [Wrong Answer] |