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Commerce · Q2505

Accounting

Graduate and Post Graduate · Commerce · question 2505

Q2505

Under the annuity method the amount of total depreciation is determined by:

A.
deducting the scrap value from the cost of the asset
B.
deducting the amount of interest from the cost of the asset
C.
adding the cost of the assets and interest there on
Answer
D.
adding the cost of the assets and expected cost of maintenance

Answer: Option C

Solution

Answer: Option C
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