The value of assets is Rs.24,000. Depreciation for the year comes down to Rs.4,000. The updated value of the assets will be .

Rs. 24,000

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Rs. 20,000

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Rs.16,000

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Rs.28,000

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Solution

The correct option is B Rs. 20,000
Depreciation is the reduction in the value of assets due to the passage of time. Since it will reduce the value of assets, the updated balance will be Rs.20,000 (Rs.24,000 - Rs.4,000)

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The value of assets is Rs.24,000. Depreciation for the year comes down to Rs.4,000. The updated value of the assets will be .

The correct option is B Rs. 20,000Depreciation is the reduction in the value of assets due to the passage of time. Since it will reduce the value of assets, the updated balance will be Rs.20,000 (Rs.24,000 - Rs.4,000)

The correct option is B Rs. 20,000
Depreciation is the reduction in the value of assets due to the passage of time. Since it will reduce the value of assets, the updated balance will be Rs.20,000 (Rs.24,000 - Rs.4,000)