Question

    An asset is purchased for Rs. 10,000, on which

    depreciation is to be provided annually according to the straight-line method. The life of the asset is 4 years, and the scrap value is Rs. 2,000. Calculate the rate of depreciation:
    A 25% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 15% Correct Answer Incorrect Answer
    D 10% Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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