Q. An excavator costs Rs. 20,00,000 and has an estimated life of 8 years. It has no salvage value at the end of 8 years. The book value of the excavator at the end of 3 years using general double declining balance method is (Solved)
1. Rs. 8,43,750
2. Rs. 8,75,000
3. Rs. 10,50,000
4. Rs. 11,56,250
- a. Rs. 8,43,750