CA CPT Model Test Paper 6 with solutions for online practice

A lease is purchased on 1st January 2010 for 4 years at a cost of Rs. 1,00,000. Lease is to be depreciated by the annuity method charging 5% interest. Annuity of Re. 1 over 4 years charging 5% interest is Re. 0.282012. The amount of annual depreciation will be