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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 / ak&
cost of machinery = 12000
estimated life of the machinery is 10 years
residual value = 2000
for: depriciation = cost of machinery - salvage
value/estimated life of the machinery
12000-2000=10000
10000*10/100=1000
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