25 August 2010
Q. A machinery have a residual value of Rs. 5000 was purchased of 1.1.2006 and was depreciated @9.5% on Straight line method. for Rs.100000 On 1.1.1999, it was estimated that its useful life has been reduced to eight year. under the change circumstances, the annual depreciation charges for the year 1999 and onwards will be
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