a company purchased a plant for Rs.50,000. The usage of life of plant is 10 years and the residing value is Rs.10,000. Find out the rate of depreciation under straight line method.
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1
Answer:
8
Explanation:
cost of plant - residing value of plant / usage of pant
50000-10000/10
40000/10
4000
rate of depreciation
= annual depreciation/cost of plant*100
4000/50000*100
8%
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