Question: Do precisely step by step A property costing Rs.10,00,000 is bought in 2016. Its estimated total physical life is 50 years. However, the company considers

Do precisely step by step Do precisely step by step A property costing Rs.10,00,000 is bought in

A property costing Rs.10,00,000 is bought in 2016. Its estimated total physical life is 50 years. However, the company considers it likely that it will sell the property after 20years. The estimated residual value in 20 years' time, based on 2016 prices, is: Case (a) Rs. 10,00,000 Case (b) Rs. 9,00,000. Calculate the amount of depreciation

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