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Old Wednesday, February 10, 2016
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Quote:
Originally Posted by Zubair Gilgiti View Post
paper -1 (10) In straight line method of depreciation, the written down value of a fixed asset will be at the end of the life of the asset as under:
(a) Rupee one
(b) Rupee zero (c) None of these.

Answer is "C"

Reason: Depreciable amount is divide by useful life. Depreciable amount means the amount which is to be depreciated and is calculated as cost less residual value.
Please suggest book for audiying

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