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Teaching Accountancy Accounting for Specific Business and Transactions Question Bank MCQ - Accounting for Specific Business and Transactions

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    Ram purchased a computer on 1.04.2010 for ` 600000. He is charging depreciation on written down value method. On 31.03.2011, he sold the computer for ` 165000 and incurred a loss of ` 75000. The rate of depreciation per annum is

    A)  10%                                                    

    B)  15%

    C)  60%                                                    

    D)  25%

    Correct Answer: C

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