According to fixed instalment method, the depreciation is calculated on Original cost None of the given options Balance amount Scrap value
Question
Solution 1
According to the fixed installment method, depreciation is calculated on the original cost of the asset.
Here are the steps to calculate depreciation using the fixed installment method:
Determine the original cost of the asset. This is the price paid to acquire the asset.
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According to fixed instalment method, the depreciation is calculated on Original cost None of the given options Balance amount Scrap value
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