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Teaching Accountancy Accounting for Specific Business and Transactions Question Bank MCQ - Accounting for Specific Business and Transactions

  • question_answer
                          The cost of a machine is ` 55000 and its residual value is ` 5000. According to the straight line method the annual depreciation at the rate of 10% will be           

    A)  ` 5500                                    

    B)  ` 6000

    C)  ` 500                                      

    D)  ` 500  

    Correct Answer: C

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