I just need text explanation for right answer 834 When the amount of depreciation is calculated on the basis of original cost of the fixed assets as a fixed amount, it is called: A. straight line method B. fixed instalment method C. fixed %age on the original cost method D. any of the above 835 A firm purchased machinery of Rs.200000 on January 10, 2009. The useful life of the machinery is 5 years. What is amount of annual depreciation if the scrap value is Rs. 20000. A. Rs.40000 B. Rs.36000 C. Rs.35000 D. insufficient information