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Question

Under the fixed installment method of providing depreciation it is calculated on

A
Original cost
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B
On balance amount
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C
On scrap value
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D
None of them
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Solution

The correct option is C Original cost
Fixed installment method of depreciation is also known as Straight line method of providing depreciation. Under this method, the amount of depreciation is constant as it is charged on the original cost of the asset.

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