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DP
Question Practice

If the useful life of an asset is 10 years and its acquisition cost is ₹1,00,000 with a residual value of ₹10,000, what is the annual depreciation using the Straight Line Method?

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MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Depreciation, Provisions and Reserves
Question Bank

If the useful life of an asset...

Single Answer MCQ
Q-00054249

If the useful life of an asset is 10 years and its acquisition cost is ₹1,00,000 with a residual value of ₹10,000, what is the annual depreciation using the Straight Line Method?

1

₹8,000

2

₹9,000

3

₹10,000

4

₹12,000

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