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Amit Ltd. purchased a machine on 1.1.2016 for Rs 1,20,000. Installation expenses were Rs. 10,000. Residual value after 10 years Rs. 5,000. On 01.07.2016, expenses for repairs were incurred to the extent of Rs. 2,000. Depreciation is provided under straight line method. Annual Depreciation will be ________a)Rs. 12,500b)Rs. 11,500c)Rs. 13,000d)Rs. 12,700Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Amit Ltd. purchased a machine on 1.1.2016 for Rs 1,20,000. Installation expenses were Rs. 10,000. Residual value after 10 years Rs. 5,000. On 01.07.2016, expenses for repairs were incurred to the extent of Rs. 2,000. Depreciation is provided under straight line method. Annual Depreciation will be ________a)Rs. 12,500b)Rs. 11,500c)Rs. 13,000d)Rs. 12,700Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Amit Ltd. purchased a machine on 1.1.2016 for Rs 1,20,000. Installation expenses were Rs. 10,000. Residual value after 10 years Rs. 5,000. On 01.07.2016, expenses for repairs were incurred to the extent of Rs. 2,000. Depreciation is provided under straight line method. Annual Depreciation will be ________a)Rs. 12,500b)Rs. 11,500c)Rs. 13,000d)Rs. 12,700Correct answer is option 'A'. Can you explain this answer?.

Solutions for Amit Ltd. purchased a machine on 1.1.2016 for Rs 1,20,000. Installation expenses were Rs. 10,000. Residual value after 10 years Rs. 5,000. On 01.07.2016, expenses for repairs were incurred to the extent of Rs. 2,000. Depreciation is provided under straight line method. Annual Depreciation will be ________a)Rs. 12,500b)Rs. 11,500c)Rs. 13,000d)Rs. 12,700Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of Amit Ltd. purchased a machine on 1.1.2016 for Rs 1,20,000. Installation expenses were Rs. 10,000. Residual value after 10 years Rs. 5,000. On 01.07.2016, expenses for repairs were incurred to the extent of Rs. 2,000. Depreciation is provided under straight line method. Annual Depreciation will be ________a)Rs. 12,500b)Rs. 11,500c)Rs. 13,000d)Rs. 12,700Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Amit Ltd. purchased a machine on 1.1.2016 for Rs 1,20,000. Installation expenses were Rs. 10,000. Residual value after 10 years Rs. 5,000. On 01.07.2016, expenses for repairs were incurred to the extent of Rs. 2,000. Depreciation is provided under straight line method. Annual Depreciation will be ________a)Rs. 12,500b)Rs. 11,500c)Rs. 13,000d)Rs. 12,700Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Amit Ltd. purchased a machine on 1.1.2016 for Rs 1,20,000. Installation expenses were Rs. 10,000. Residual value after 10 years Rs. 5,000. On 01.07.2016, expenses for repairs were incurred to the extent of Rs. 2,000. Depreciation is provided under straight line method. Annual Depreciation will be ________a)Rs. 12,500b)Rs. 11,500c)Rs. 13,000d)Rs. 12,700Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Amit Ltd. purchased a machine on 1.1.2016 for Rs 1,20,000. Installation expenses were Rs. 10,000. Residual value after 10 years Rs. 5,000. On 01.07.2016, expenses for repairs were incurred to the extent of Rs. 2,000. Depreciation is provided under straight line method. Annual Depreciation will be ________a)Rs. 12,500b)Rs. 11,500c)Rs. 13,000d)Rs. 12,700Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Amit Ltd. purchased a machine on 1.1.2016 for Rs 1,20,000. Installation expenses were Rs. 10,000. Residual value after 10 years Rs. 5,000. On 01.07.2016, expenses for repairs were incurred to the extent of Rs. 2,000. Depreciation is provided under straight line method. Annual Depreciation will be ________a)Rs. 12,500b)Rs. 11,500c)Rs. 13,000d)Rs. 12,700Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.