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    Question

    An asset is purchased for Rs.50,000 on which depreciation is provided annually according to  the straight-line method, the useful life is 10 years and the scrap value is 10,000. The rate of  depreciation is:  

    A 18% Correct Answer Incorrect Answer
    B 8% Correct Answer Incorrect Answer
    C 12% Correct Answer Incorrect Answer
    D 10% Correct Answer Incorrect Answer

    Solution

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