What will be the amount of depreciation of plant for fifth year as per straight line method wgen original cost of plant is 500000. Salvage value is 20000. Expected useful life is 10 years. Mention rate of depreciation.
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Answer:
10% is the answer.
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Explanation:
500000-20000=480000
480000/10=48000
Now,
48000/480000=10%
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