Calculate the Amount of annual Depreciation and Rate of Depreciation under Straight Line Method (SLM) from the following: Purchased a second-hand machine for ₹ 98,000, spent ₹ 22,000 on its cartage, repairs, and installation, estimated useful life of machine 10 years. Estimated residual value ₹ 12,000.
1
₹ 10,000, 12%
2
₹ 9,800, 10%
3
₹ 13,200, 10%
4
₹ 10,800, 9%