question_answer

A Ltd purchased a machine on 01.01.2003 for ` 120000. Installation expenses were ` 30000. Residual value after 5 years was ` 5000. On 01.07.2003, expenses for repair were incurred to the extent of ` 2000. Depreciation is provided @ 10% per annum under written down value method. Total depreciation after 2 years will be

A)  ` 25000                                   

B)  ` 13000

C)  ` 10500                                   

D)  ` 28500