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Depreciation — Book Keeping & Accountancy STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyDepreciation1 Mark
Question
What is the formula to calculate depreciation by the Straight Line Method?
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Answer

Depreciation per annum = $\frac{\text { CostofFixedAsset }(-) \text { Scrapvalue }}{\text { EstimatedlifeofFixedAsset }}$

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