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what is entry for depreciation?
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Answer Posted / deepak kumar polai
Calculate 10% Depreciation on Furniture By Using Straight Line Method.cost Furniture 10000, Installation 500. its total life 10 year.
Ans.10000+500/10=1050
Depreciation A/c Dr. Rs. 1050
To Furniture A/c Rs. 1050
(Being 10% Depreciation charged on furniture)
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