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P2 C2 Depreciation Accounts — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C2 Depreciation Accounts1 Mark
Question
For which assets, Reducing balance method of depreciation is appropriate?
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Answer

Reducing balance method of depreciation is appropriate for those assets which are of long term use and which have balance amount after their use. e.g., Furniture, Fixtures, Plant and Machine, Building, etc.

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