Depreciation of Machinery with Boiler Value
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Questions and Answers

What is the depreciation rate decided for the machinery?

10% p.a. on diminishing balance method

What is the total cost of the machinery and the boiler?

₹2,50,000

What was the selling price of the useless boiler on October 1st, 2021?

₹5000

What do you mean by non profit organization?

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