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Question

difference between straight line mathod and written down value mathod for fixed assets chart as on company act

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Solution

Basis of Difference Straight Line Method Diminishing Balance Method
Fixed Assets Chart It is charged on those fixed assets which have lesser possibility of obsolesces.
Like; copyright, patents, Land and Building.
It is charged on those assets which needs more repair and maintenance in the later years.
Like; Plant and Machinery, Car etc.

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