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Question

Calculate the annual depreciation of a property, whose original cost is Rs. 30,00,000. Consider its scrape value as Rs. 3,00,000 after 30 years. Use the straight-line method. 

A.

Rs. 82,000 

B.

Rs. 87,000 

C.

Rs. 90,000 

D.

Rs. 93,000

Answer ( Option C)

Rs. 90,000 

Solution


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