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This question belongs to Commerce Accounting
Accounting
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A machine is purchased on 1st January, 2001 for Rs. 1,00,000. Depreciation is to be charged at the rate of 10% P.A. by diminishing balance method. What will be the amount of depreciation shown is the profit and loss account for the year ending 31st December, 2004?

Answer & Solution
Correct Answer: Option D
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