If an asset cost Rs. 27,000 and the annual depreciation charge calculated using the straight-line method is Rs. 6,750 per annum, then depreciation is being charged at the rate of:
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27,000+6,750 = 33,750
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Rate of depreciation = Depreciable amount / Cost of assets * 100
Rate of depreciation = (6750/27000)*100 = 25%
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