Calculate rate of depreciation from the following informations: (i) Date of purchase of Asset 1st April, 2008

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Calculate rate of depreciation from the following informations:

(i) Date of purchase of Asset 1st April, 2008

(ii) Purchase price of Asset Rs. 80,000

(iii) Life of Asset 5 years.

(iv) Depreciation by Diminishing Balance method.

(v) Residual value Rs. 26,214.40.

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Zero To Mastery In Accounting Become A High Level Accounting Manager

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Authors: HECTOR ROBINETT

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Question Posted: Jul 19, 2024 08:02 PM

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Calculate rate of depreciation from the following informations: (i) Date of purchase of Asset 1st April, 2008

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