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A company purchased a vehicle for Rs.6000. It will be used for 5 years and its residual value is expected to be Rs.1000. What is annual amount of depreciation using straight line method of depreciation?


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This Chapter Accounting-Mcqs consists of the following topics

Under which depreciation method, the amount of depreciation expenses remains same throughtout the life of the asset?

A company purchased a vehicle for Rs.6000. It will be used for 5 years and its residual value is expected to be Rs.1000. What is annual amount of depreciation using straight line method of depreciation?

Which of the following is the normal balance of an accumulated depreciation account?

A company purchased a vehicle for Rs.6000. It will be used for 5 years and its residual value is expected to be Rs.1000. What is the annual amount of depreciation using straight line method of depreciation?

Accounting Mcqs

Accounting