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Practice question

Question

On 1st April 2021, Balesh purchased a refrigerator costing 20,000 Rs and spent 2000 Rs on its repair. The estimated effective life of it is 10 years with a scrap value of 5000 Rs. The depreciation with the financial year ending on 31st March 2022 is

Options

Choose one · Correct answer highlighted

Explanation

We know that using formula we get 1700 Rs. Calculation gives this directly, check steps: apply rule, substitute values, simplify to get 1700 Rs.

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