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      Question

      Depreciation starts on a machine from the date:

      A It is installed Correct Answer Incorrect Answer
      B It is purchased Correct Answer Incorrect Answer
      C It is put to use Correct Answer Incorrect Answer
      D None of above. Correct Answer Incorrect Answer

      Solution

      Depreciation starts on a machine from the date it is put to use because only when it is put to use revenue will start flowing from the use of machine.

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