Machinery Rate is 12000/- and residual value is 2000/- and
life span is 10yrs.Calculate the dep in Straight line
method.
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Answer Posted / anuradha
cost of machinery =12,000/-
residual value =2,000/-
life time of machinery is 10 yrs
depriciation=cost of machinery-solvage/life time
dep =12,000-2000/10
dep =1,000/- per year at 10%
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