depreciation On Slm basis
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Also known as straight line depreciation it is the simplest way to work out the loss of value of n asset over time straight line Basis is calculated by dividing the between an asset cost and its expected salvage value by the number of years it is expected to be used
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Answer: It is a method of depreciation in which depreciation is charged at a fixed percentage on the original cost of a fixed asset every year.
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