Madhu Ltd. owns machinery (rate of depreciation is 15%) the written down value of which as of 1 st April 2020 ₹ 30,00,000. Due to fire, entire assets in the block were destroyed and the insurer paid ₹ 25,00,000. The eligible depreciation in respect of this machinery is

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Question:Madhu Ltd. owns machinery (rate of depreciation is 15%) the written down value of which as of 1 st April 2020 ₹ 30,00,000. Due to fire, entire assets in the block were destroyed and the insurer paid ₹ 25,00,000. The eligible depreciation in respect of this machinery is

1.₹ 4,50,000

2. ₹ 75,000

3.₹ 5,00,000

4. Nil

Posted by R4R Team
  1. Madhu Ltd. owns machinery (rate of depreciation is 15%) the written down value of which as of 1 st April 2020 ₹ 30,00,000. Due to fire, entire assets in the block were destroyed and the insurer paid ₹ 25,00,000. The eligible depreciation in respect of this machinery is
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