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

• A. Rs. 8,75,000
• B. Rs. 11,56,250
• C. Rs. 8,43,750
• D. Rs. 10,50,000

Answer: (C)