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On 1st October, 2021 X Ltd. purchased a building costing ₹ 6,00,000. Depreciation is to be charged @10% p.a. by straight line method. What amount of depreciation will be charged for the year ending March 31, 2023?

(a) ₹ 30,000

(b) ₹ 60,000

(c) ₹ 54,000

(d) ₹ 57,000

1 Answer

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Best answer

Correct answer is (b) ₹ 60,000

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