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Calculate the rate of depreciation and depreciation using the straight- line method. 1) ABC purchased truck on January1, 2020 for Rs-26,000, Expected residual value,

Calculate the rate of depreciation and depreciation using the straight- line method. 1) ABC purchased truck on January1, 2020 for Rs-26,000, Expected residual value, Rs= 2,000, Estimated useful life= 5 years

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