A company purchased a vehicle for Rs.6000. It will be used for 5 years – McqOptions

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1.	A company purchased a vehicle for Rs.6000. It will be used for 5 years and its residual value is expected to be Rs.1000. What is the annual amount of depreciation using straight line method of depreciation?
A.	1000
B.	2000
C.	3000
D.	5000
Answer» B. 2000

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