Opening WDV of the block of assets was ₹ 15,00,000. During the year, asset was acquired under this block on 15th June, 2020 amounting to ₹ 10,00,000. Rate of depreciation of the block is 15%. Calculate the amount of depreciation available during the previous year for the block.
A. ₹ 3,25,000
B. ₹ 3,75,000
C. ₹ 3,00,000
D. ₹ 2,25,000
Answer:B
Opening WDV of the block of assets was ₹ 15,00,000. During the year, asset was acquired under this block on 15th June, 2020 amounting to ₹ 10,00,000. Rate of depreciation of the block is 15%. Calculate the amount of depreciation available during the previous year for the block.
A. ₹ 3,25,000 B. ₹ 3,75,000 C. ₹ 3,00,000 D. ₹ 2,25,000