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Commerce · Q1282

Accounting

Graduate and Post Graduate · Commerce · question 1282

Q1282

The original cast of a asset is Rs. 4,15,000 is. The useful life of the asset is 20 year and net residual value of estimated at Rs. 65,000. The amount of depreciation each year will be

A.
Rs. 17,000
B.
Rs. 17,500
Answer
C.
Rs. 18,000
D.
Rs. 18,500

Answer: Option B

Solution

Answer: Option B
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