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Depreciation, Provisions and Reserves — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountDepreciation, Provisions and Reserves1 Mark
Question
Give the formula to calculate annual depreciation as per Straight line method”.
✓

Answer

$\frac{\text{Cost of Asset}-\text{Estimated Scrap Value}}{\text{Estimated Life of Asset in years}}$

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