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An asset is purchased for Rs. 25,000, depreciation is to be provided annually according to straight line nethod. Useful life of the asset is 10

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An asset is purchased for Rs. 25,000, depreciation is to be provided annually according to straight line nethod. Useful life of the asset is 10 years and the residual value is Rs. 5,000. Rate of depreciation will be (a) 10% (c) 12% (b) (d) 8% 890 1590

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