Question:
An MRI machine is purchased by a hospital at Rs 27 lakhs with an expected life of 12 years. What will be the value of annual depreciation?
An MRI machine is purchased by a hospital at Rs 27 lakhs with an expected life of 12 years. What will be the value of annual depreciation?
Updated On: Nov 4, 2024
- 27 lakhs
- 2.25 lakhs
- 15 lakhs
- 1.5 lakhs
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The Correct Option is B
Solution and Explanation
Depreciation is calculated using the straight-line method: Rs 27 lakhs / 12 years = Rs 2.25 lakhs per year.
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