Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C2 Depreciation Accounts1 Mark
Question
Which three points should be kept in mind while calculating depreciation according to straight line method?
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Answer
For finding out the depreciation according to straight line method, following three points should be kept in mind: $(1)$ Cost price of the asset, $(2)$ Scrap value of the asset and $(3)$ Number of years of useful life.
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