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Basaria Confectioner bought a cold stora...

Basaria Confectioner bought a cold storage plant on July 01, 2014 for `Rs.` 1,00,000. Compare the amount of depreciation charged for first three years using:
Rate of depreciation @ `10%` on original cost basis,

Text Solution

Verified by Experts

Depreciation for 1 year (2014-15) = `Rs.` 7500 (Charged for 9 months)
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