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CG Vyapam Sub Auditor Practice Questions - CG Vyapam Sub Auditor (Upa Ankekshak) Recruitment Examination Exam

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A machine was purchased for ₹1,20,000 with an estimated useful life of 5 years and a scrap value of ₹20,000. What is the annual depreciation under the straight-line method?
Correct Answer:
₹20,000

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