Question
A company buys a machine for ₹12,00,000 and expects to
use it for 8 years with residual value ₹80,000. Under straight-line method, annual depreciation is:Solution
Depreciable amount = Cost − Residual Value = 12,00,000 − 80,000 = ₹11,20,000. Annual depreciation = 11,20,000 / 8 = ₹1,40,000.
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