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A truck costing Rs 8,00,000 has no scrap value and a 10 year life. Straight line rate of depreciation?
A5 percent
B20 percent
C10 percent
D8 percent
Answer & Solution
Correct answer: C. 10 percent
Yearly depreciation is 80,000, which is 10 percent of the Rs 8,00,000 cost.
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