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Question

An asset is purchased for Rs.50,000 on which

depreciation is provided annually according to the straight-line method, the useful life is 10 years and the scrap value is 10,000. The rate of depreciation is

A 18%

B 8%

C 12%

D 10%

E None of these

Practice Next

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Relevant for Exams:

OICL AO Accounts

Uiic AO Finance and Investment

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