Calculate the Amount of annual Depreciation and Rate of Depreciation under Straight Line Method (SLM) from the

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Calculate the Amount of annual Depreciation and Rate of Depreciation under Straight Line Method (SLM) from the following:

Purchased a second-hand machine for ₹ 96,000,

spent ₹ 24,000 on its cartage, repairs and installation,

estimated useful life of machine 4 years. Estimated residual value ₹ 72,000.

Related Book For answer-question

Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: Jan 19, 2024 02:31 AM

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Calculate the Amount of annual Depreciation and Rate of Depreciation under Straight Line Method (SLM) from the

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In the Straight Line Method SLM of depreciation the cost of the asset is spread evenly over its usef... View the full answer

Financial Accounting

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