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

CBSE BoardEnglish MediumSTD 11 CommerceAccountDepreciation, Provisions and Reserves1 Mark
Question
What is meant by Written Down Value Method of providing Depreciation?
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Answer

Written Down Value Method of providing depreciation means depreciation is calculated and charged at a fixed rate on written down value of the asset every year.

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