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A boiler was purchased from abroad for R...

A boiler was purchased from abroad for Rs 10,000. Shipping and forwarding charges Rs 2,000, Import duty Rs 7,000 and expenses of installation amounted to Rs 1,000. Calculate the Depreciation for the first three years (separately for each year) `"@ "10%` p.a. On Diminishing Balance Method.

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The correct Answer is:
[Balance after 3 year- Rs 14,580.]
Depreciation. 1st Year = Rs 2,000, 2nd Year = Rs 1,800, and 3rd Year = Rs 1,620.
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TS GREWAL-DEPRECIATION-Straight Line Method
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