accounts query

kumar shan (student) (138 Points)

16 November 2009  

Amit Ltd. purchased a machine on

01.01.2003 for Rs. 1,20,000. Installation

expenses were Rs. 10,000. Residual value

after 5 years Rs. 5,000. On 01.07.2003,

expenses for repairs were incurred to the

extent of Rs. 2,000. Depreciation is provided

under straight line method. Annual

Depreciation = _________.

a. 13,000

c. 21,000


 

 

 

 

 

 

 

b. 17,000

d. 25,000

please provide me some solution over this i am confused about this correct answer its whether 13000 or 25000