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

  • question_answer
    A mine was taken on lease for ` 20000000. Its total production capacity is 400000 metric tonnes. What will be the depreciation in 2007, if it produced 40000 metric tonnes in 2007?

    A)  ` 10 lakhs                                

    B)  ` 20 lakhs

    C)  ` 50 lakhs                                

    D)  None of these

    Correct Answer: B

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