calculate rate of depreciation under straight line method purchace price of machine Rs .2,50,000, Expenses to be caplitalized RS 50,000 , Expected useful life 5 years
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Answer:
250000+50000
usefull life
of machine is 5 year so
300000/5
amount to depriciation is 60000
% of dep. = 60000* 100/ 300000
=20%
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