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Formula for CI

Original cost...

Question

Original cost = Rs. $1, 26, 000$ . Salvage value $= 6, 000$ . Useful Life $= 6$ years. Annual depreciation under SLM = ?

A

Rs.

21, 000

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B

Rs.

20, 000

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C

Rs

15, 000

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D

Rs.

14, 000

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Solution

The correct option is A Rs. $20, 000$
Calculation of depreciation under SLM =
Original cost - Salvage Value / Useful Life =
126000 - 6000 / 6 = Rs 20000

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