Question

An asset is purchased for Rs. 10,000, on which

depreciation is to be provided annually according to the straight-line method. The life of the asset is 4 years, and the scrap value is Rs. 2,000. Calculate the rate of depreciation:

A 25%

B 20%

C 15%

D 10%

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An asset is purchased for Rs. 10,000, on which

Solution

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