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An industrial plant bought a generator set for 98,000. Other expenses including installation amounted to 10,000. The generator set is to have a life of
An industrial plant bought a generator set for 98,000. Other expenses including installation amounted to 10,000. The generator set is to have a life of 18 years with a salvage value at the end of life of 8,000. Determine the depreciation charge during the 10th year by the declining balance method.
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