An excavator costs Rs. 20,00,000/- and has an estimated life of 8 years. It has no salvage value at the end of 8 years. The book value of the excavator at the end of 3 years using general double declining balance method is__________________?
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Answer:
An excavator costs Rs. 20,00,000/- and has an estimated life of 8 years. It has no salvage value at the end of 8 years. The book value of the excavator at the end of 3 years using general double declining balance method is Rs. 8,43,750/-.
