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A boiler was purchased from abroad for ₹ 10,000. Shipping and forwarding charges ₹ 2,000, Customs Duty ₹ 7,000 and expenses of installation amounted to ₹ 1,000.

Calculate depreciation for each of the first three years @ 10% p.a. as per Diminishing Balance Method.

Anurag Pathak Changed status to publish October 24, 2023