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A company purchased a vehicle for $6000. I will be used for 5 years and its residual value is expected to be Rs.1000. What is the annual amount of deprecation using straight line method of depreciation?

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A company purchased a vehicle for $6000. I will be used for 5 years and its residual value is expected to be Rs.1000. What is the annual amount of deprecation using straight line method of depreciation?






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