New RBI Grade B 2025 Notification will come Soon! Enroll Here

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%

Practice Next

More Accounts Questions

Statement: Should there be a complete ban on extracurricular activities in college.

Arguments:

I. No, the...
Statement: The average life expectancy for the Indian population as a whole is 75 years, but children born in Bihar will live an average of 77 years, and t...
In the question given below, a passage is followed by three statements that may or may not strengthen or weaken the argument conveyed by the passage. S...
Passage:
Some education experts argue that introducing coding at the primary school level enhances logical thinking, creativity, and problem-solv...
Statement:

Should the illiterate be debarred from voting?

Arguments:

I. Yes, they are easily misguided.

II. No, It is their constitutional right.
Passage:
Many nutritionists argue that school cafeterias should ban sugary drinks such as sodas and sweetened juices. These drinks are high in ca...
Read the passage below and answer the question that follows:

Governments across the world are promoting electric vehicles (EVs) as an effectiv...
Statement: Should the government revoke the GST and bring in the previous tax regime?

Argument I: Yes, the state governments are unable to recove...
Read the passage below and answer the question that follows:

Many cities are replacing conventional streetlights with smart LED lighting sys...
Directions: In the question below, a passage is given followed by few statements. Read the passage and answer the questions that follow.

Even w...