A machinery costing rs 50000 depreciated .it a constant value of 8%.what is the depreciation on charge for the eight years.
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Explanation:
Answer:the machine's scrap value will be 10,000
Explanation: amount of depreciation=
(Cost of machine - scrap value) / no of useful years
5000= (50000-salvage value)/12
60000-50000= scrap value
10000 = scrap value
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