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Q: 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,

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Q: 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. 2. XYZ purchased a plane January1, 2020 for Rs1,000,000, Expected residual value, Rs 50,000, Estimated useful life-5 years.

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