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Commerce · Q2083

Accounting

Graduate and Post Graduate · Commerce · question 2083

Q2083

Original cost of an asset is Rs. 57,000, scrap value Rs.2,000 and estimated life 10 years. What will be the amount of depreciation in the first year according to the sum of the year's digits methods:

A.
Rs. 10,000
Answer
B.
Rs. 5,900
C.
Rs. 5,700
D.
Rs. 5,500

Answer: Option A

Solution

Answer: Option A
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