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A chemical piping system was installed at the cost of Rs.18000. A life of six years estimated with zero salvage value. Depreciation was calculated by straight line method.
written 5.7 years ago by
teamques10
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• modified 3.4 years ago |
At the end of four year, it had deteriorated so badly that it was replaced.
i)What was the estimated annual depreciation?
ii)What was the actual depreciation?
iii)What was the sunk cost at the time of replacement?
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