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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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