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Purchased furniture at a cost of of Rs.1, 60,000. The estimated useful life of the furniture is 8 years. At the end 8 years, it
Purchased furniture at a cost of of Rs.1, 60,000. The estimated useful life of the furniture is 8 years. At the end 8 years, it is expected that the furniture can be sold at a salvage value of Rs.20,000. Required: Compute the amount of depreciation under double declining method, straight- line and sum of the years digit method
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