The value of a flat worth Rs 800000 is depreciating at the rate of 8% p.a. In how many years will it be reduced to Rs 677120 ? . . . .
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Step-by-step explanation:
Depreciation under written down value method is calculated on the basis of written down vakue of asset.
Formula for charging depreciation under written down value method is:
Depreciation = Written doen value of assets * Rate of depreciation
Depreciation = Rs. 500000 * 10%
Depreciation = Rs.50000
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