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On 1st July, 2020 Aqua Ltd purchased Machinery of ₹4,00,000. Depreciation is to be charged @10% p.a by diminishing balance method -Bzziii

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On 1st July, 2020 Aqua Ltd purchased Machinery of ₹4,00,000. Depreciation is to be charged @10% p.a by diminishing balance method. What amount of depreciation will be charged for the year ending March 31, 2021? 

(a) ₹40,000 
(b) ₹20,000 
(c) ₹30,000 
(d) ₹70,000 




(c) ₹30,000 








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