The following balances are extracted at the end of the accounting period from the books of Radhey Shyam as follows:
Plant & Machinery Rs. 2,00,000
Furniture Rs. 50,000
Building Rs. 5,00,000
Depreciation is to be charged:
20% on plant & machinery, 10% on furniture and 5% on Building. Calculate the amount of depreciation to be charged in the Profit and Loss account.
1
Rs. 45,000
2
Rs. 7,000
3
Rs. 70,000
4
Rs. 40,000
5
Rs. 60,000