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The initial cost of an asset is Rs.1000000. It has useful life of 9 years. The estimated salvage value of the asset at the end
The initial cost of an asset is Rs.1000000. It has useful life of 9 years. The estimated salvage value of the asset at the end of useful life is zero. Calculate the annual depreciation and book value using double-declining balance method and find out the year in which the switching is done from double-declining balance method to straight-ne method
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