Question: On April 1, 2008 a machine was purchased for 70,000. Estimated useful life of machine is three years with an estimate of salvage value

On April 1, 2008 a machine was purchased for ₹ 70,000. Estimated useful life of machine is three years with an estimate of salvage value ₹7,000 at the end. If the company provides depreciation as per straight line method then calculate the amount of depreciation for each of the three years.

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