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