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Commerce · Q705

Accounting

Graduate and Post Graduate · Commerce · question 705

Q705

A machine was purchased for Rs. 1,000 and its life was estimated to be 3 years and at the end of life its book value will be Rs. 512. If depreciation is calculated according to written down value method. The rate of depreciation would be:

A.
25%
B.
15%
C.
20%
Answer
D.
10%

Answer: Option C

Solution

Answer: Option C
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