A ship incurred depreciation at an annual rate of 12% on its value of ₹50,00,000. A voyage lasted for 2 months. How much depreciation should be debited to the Voyage Account for this voyage?
1
₹6,00,000
2
₹1,00,000
3
₹50,000
4
₹2,50,000
A ship incurred depreciation at an annual rate of 12% on its value of ₹50,00,000. A voyage lasted for 2 months. How much depreciation should be debited to the Voyage Account for this voyage?