Question

Naresh&Co.purchased an asset on 01.01.2009, the particulars of which are given

below:

Cost of the asset - Rs.1,05,000

Scrap Value - Rs.5,000

Estimated life time - 10 years

You are required to determine the amount to be written off. Assume that the company

has adopted straight line method of depreciation​

Answer 1

Answer:

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