A purchased a mine for Rs.5, 00,000. Minerals in the mine were expected to be 10, 00,000

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A purchased a mine for Rs.5, 00,000. Minerals in the mine were expected to be 10, 00,000 tones. In the first year, 1, 00,000 tones of minerals were used. What is the depreciation for the first year?

(a) Rs.40,000

(b) Rs.50,000

(c) Rs.60,000

(d) None of these

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Management and Cost Accounting

ISBN: 978-1408093887

8th edition

Authors: Colin Drury

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Posted Date: Feb 13, 2023 12:42 AM

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A purchased a mine for Rs.5, 00,000. Minerals in the mine were expected to be 10, 00,000

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